A visitor (left) talks with staff personnel at the booth of Tencent Music at the trade show of the South by Southwest (SXSW) Conference and Festivals in Austin, Texas, the United States, on March 11, 2019. (WANG YING / XINHUA)

HONG KONG - The Chinese mainland's Tencent Music Entertainment Group shares started trading at HK$18 (US$2.29) each in the company's Hong Kong Special Administrative Region listing debut on Wednesday.

The online music company announced last week that while New York would remain its primary listing venue it would start trading its shares in the HKSAR.

The company carried out a listing by introduction which means no new shares or fresh capital was raised in the transaction

The company carried out a listing by introduction which means no new shares or fresh capital was raised in the transaction.

Tencent Music said one of its US-listed shares represented two of its Hong Kong shares. The opening price was flat compared to its US stock which closed in New York on Tuesday at US$4.58.

Hong Kong's Hang Seng Index is down 1.3 percent in early trade Wednesday and the tech index is off 1.5 percent. Tencent Music's US stock is down 33.1 percent so far in 2022.

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Tencent Music has a market capitalisation of US$7.76 billion.