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Tencent Music Shifts Index Tracking To Hong Kong Listing

Original: Tencent Music Entertainment Group (NYSE:TME) Shifts To Hong Kong In Global Index Tracking

Tencent Music Entertainment Group is moving from its New York listing to Hong Kong in global index tracking, meaning major index providers will follow the company's Hong Kong-listed shares rather than its NYSE-listed American depositary receipts. The shift affects how passive funds and index-tracking investors hold the music streaming company, and comes as Chinese firms increasingly emphasise their Hong Kong listings amid US-China listing risks.

Why now: Index providers tracking Tencent Music via Hong Kong shares affect global passive investment flows.

Tencent Music Entertainment GroupTencentNYSEHong Kong

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• Tencent Music Entertainment Group (NYSE:TME) Shifts To Hong Kong In Global Index Tracking · Simply Wall Street

API: https://socialmediatrends-api.osmike.com/v1/trends/702703