Getty ImagesGUANGZHOU, China– Shares of Chinese video and gaming business Bilibili opened lower on the very first day of trading in Hong Kong on Monday.The Nasdaq-listed Chinese technology firm raised around $2.6 billion after pricing its shares at 808 Hong Kong dollars (about $103) each last week.Bilibili shares opened at 790 Hong Kong dollars, falling by 2.2%. At around 10:45 a.m. local time, Bilibili shares were trading at 785 Hong Kong dollars, a 2.8% fall.Bilibili is already listed on the Nasdaq in the U.S. and this was its secondary listing, when the business problems shares on another stock exchange. Unlike initial public offerings where companies release shares for the very first time, secondary listings do not typically see substantial price movements on the very first day.A number of U.S.-listed Chinese stocks have actually carried out secondary listings in Hong Kong including Alibaba and Baidu amidst continued stress in between Washington and Beijing that threaten to impact foreign companies listed on Wall Street.Last week, the U.S. Securities and Exchange Commission embraced a law which could increase the auditing requirements for Chinese business and likewise provides the power for authorities to delist certain firms that fall nasty of the rules.A secondary listing might be a hedge against a delisting.Bilibilis launching in Hong Kong likewise comes as Chinese tech stocks are being sold-off.

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