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Markets

Nio leads way to alternate route for Hong Kong market listing

Didi also expected to take 'by introduction' shortcut to exchange

Nio, which sponsors a Formula E racing team, is set to list in Hong Kong just 11 days after disclosing its intention to access the market.     © AP

HONG KONG -- With little sign of tensions cooling between Beijing and Washington, Chinese companies listed in New York are turning to a shortcut to secure a backup position on the Hong Kong Stock Exchange.

On Thursday, shares of electric vehicle maker Nio are set to start trading in Hong Kong, just 11 days after the New York Stock Exchange-listed company disclosed its intention to establish a second market home.

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