The NetEase building in Beijing on July 26, 2018. (PHOTO / VCG)

HONG KONG (Reuters) - Chinese mainland technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com, four sources with direct knowledge of the matter said.

The two transactions could raise a combined US$5 billion, separate sources said, and the deals would be the largest for the Hong Kong Special Administrative Region’s equity capital markets so far this year

The two transactions could raise a combined US$5 billion, separate sources said, and the deals would be the largest for the Hong Kong Special Administrative Region’s equity capital markets so far this year.

The sources could not be named because the information has not yet been made public.

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JD.com is expected to be the largest of the two deals with the likelihood it will sell five percent of its shares that could raise up to US$3 billion, one source said, while NetEase is targeting a transaction of up to US$2 billion, another source said.

A JD.com spokesman and a NetEase spokesman declined to comment.

The two Nasdaq-listed companies have made confidential filings to the Hong Kong Stock Exchange and preparations for the secondary listings as well underway.

ALSO READ: Sources: HKEX discussing new listings with Ctrip, NetEase

The decision to press ahead with the listings comes after the US Senate passed legislation on Wednesday that could prevent some companies from listing their shares on US exchanges unless they follow standards for US audits and regulations.

The proposed laws still need to be passed by the US House of Representatives and be ratified by President Donald Trump.

READ MORE: JD.com said to file for US$2b Hong Kong second listing