NetEase files for Hong Kong secondary checklist, amid scrutiny over Chinese firms

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Netease.com’s CEO William Ding Lei speaks all the way through 2019 NetEase Future Conference at Hangzhou International Expo Center on November 23, 2019 in Hangzhou, Zhejiang Province of China.

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NetEase, a U.S.-listed Chinese on-line gaming corporate, showed on Friday it’s going to search a secondary checklist in Hong Kong.

The transfer comes amid higher scrutiny of Chinese firms indexed within the U.S. 

“We are also preparing our secondary listing on the Stock Exchange of Hong Kong, bringing our established brand back to China,” William Ding, CEO of NetEase stated in a letter to shareholders on Friday. “I believe that returning to a market that is closer to our roots will further fuel our passion in our business and our users.”

The accompanying regulatory submitting didn’t unveil the volume of capital NetEase will carry nor the timing of the checklist. 

CICC, Credit Suisse and J.P. Morgan are the joint sponsors of the Hong Kong checklist. 

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