HK Stock Market Move | NTES-S (09999) rose nearly 4% in early trading, or may be considered a double major listing in a year. The company is evaluating the impact.

NTES-S(09999) rose nearly 4% in the morning session, as of the time of writing, up 3.33% at HK$183.2, with a turnover of HK$5.23 billion. In terms of news, NetEase announced that the company received notification from the Hong Kong Stock Exchange on February 27 that 55% or more of its total global trading volume in the 2025 fiscal year was completed on the Hong Kong Stock Exchange. Therefore, according to Hong Kong listing rules, the company's stock trading has been deemed to have largely permanently transferred to the Hong Kong Stock Exchange market, or will be considered a dual primary listing after one year. Publicly available information shows that NetEase's listing in Hong Kong is a secondary listing, with its primary listing in the United States and additional listing in Hong Kong. It is worth noting that a secondary listing in Hong Kong does not currently meet the requirements for inclusion in the Hong Kong Stock Connect. However, after implementing a dual primary listing, as long as it meets the relevant qualification requirements, there is a possibility of being included in the Hong Kong Stock Connect. NetEase stated that it is currently evaluating the impact of converting to a dual primary listing.