HONG KONG: Chinese property platform KE Holdings Inc says it will list its shares in Hong Kong without raising capital, as a growing number of United States-listed Chinese firms carry out so-called “homecoming” listings.

       The New York-listed company, which operates online property platform Beike matching buyers and sellers of real estate, will start trading its stock on the Hong Kong exchange on May 11, it said in regulatory filings.

       The increased number of return-home deals has been triggered by American regulators’ heightened scrutiny and stricter audit requirements for US-listed Chinese companies amid political tensions between the countries.

       Unlike a typical initial public offering or secondary listing, KE Holdings will raise no capital and issue no new shares in what is termed a listing by introduction.

       Chinese electric vehicle maker Nio Inc in March listed by introduction in Hong Kong.

       KE Holdings did not describe the reasons for pursuing the Hong Kong listing. It comes after it was added on April 22 by US authorities to a list of companies that could be delisted from American exchanges if they did not allow US auditors to access their accounts.

       KE Holdings then said it was exploring possible solutions to protect the interest of its stakeholders and would continue to comply with laws in the United States and China.

       The US list was expanded on Wednesday to include 80 more companies including Chinese online retail giant JD.com Inc that could be delisted if they failed to comply with American auditing standards for three years in a row.

       Reuters reported in September that KE Holdings was considering a Hong Kong share sale. The company said at the time it had no imminent plans for a Hong Kong listing. Goldman Sachs and China International Capital Corp are sponsoring the listing. — Reuters