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Autonomous driving firms Pony.ai
and WeRide
have received approval from China’s securities regulator for secondary listings in Hong Kong, as the companies look to raise funds and continue their global expansion.
The China Securities Regulatory Commission announced Tuesday that both companies had filed to issue and list shares in Hong Kong. Chinese companies seeking a foreign listing are required to file an application with the CSRC in advance, giving the regulators final say on whether the company can go public overseas.
