PDD, Futu can list in Hong Kong

Goldman Sachs reports that 27 US-listed Chinese firms, including PDD Holdings and Futu, are positioned to meet Hong Kong listing requirements, mitigating delisting risks. These firms, with a combined market capitalization of $191 billion, could pursue dual-primary or secondary listings in Hong Kong, while approximately 170 other Chinese companies face potential delisting from US exchanges. The firms are considering the move amid US-China tensions. The shift follows a trend of Chinese companies seeking listings in Hong Kong since 2019, driven by concerns over US access to audit reports and supported by the Chinese government.