The two Guangzhou-based firms, already listed in the US, are part of a growing cohort of Chinese companies seeking second listings in Hong Kong, which is on track to record its highest initial public offering proceeds in four years.
Autonomous-driving firms Pony AI Inc. and WeRide Inc. have received approval from China’s securities regulator to list shares in Hong Kong, as renewed delisting risks emerge in the US.
Both companies, which went public last year, received approval to list about 102 million shares each in Hong Kong, the China Securities Regulatory Commission said in separate statements dated Tuesday.
