JD.com Inc. has been approved by the Hong Kong Exchanges & Clearing Ltd. to move ahead with its share sales in Hong Kong that could help the Chinese tech giant secure billions of dollars amid an ongoing political unrest in the international finance hub.

Hong Kong stock market regulators gave the green light for the US-listed Chinese tech company, along with Netease Inc, sources with knowledge of the situation, who requested anonymity, revealed. Online gaming company NetEase filed an initial proposal with the Hong Kong bourse late Friday, a validation that the firm has received the official approval.

China's second-biggest online retail group JD plans to debut on June 18 with the Hong Kong exchange, Bloomberg News disclosed. The company's stock sale could secure around $2 billion to $3 billion to help its e-commerce group boost foothold in a hugely competitive domestic market. NetEase plans to list on June 11.

The fundraising campaigns by two US-listed Chinese tech powerhouses comes on the heels of their bigger counterpart - Alibaba Group Holding Ltd - which was able to bring in around $13 billion via a stock sale in Hong Kong in November last year.

The proposed secondary stock listings also follow a fragile moment for US-listed Chinese firms. Legislation proposed by the Senate earlier this month, which is now introduced in the House, would delist Chinese firms from American stock exchanges unless their corporate audits are evaluated by the US Securities and Exchange Commission's audit monitoring body - the Public Company Accounting Oversight Board.

The growing friction between China and the US Beijing is increasing the likelihood for Chinese groups like JD and NetEase who aim to boost their investment portfolio. Capital markets in the US are becoming frigid toward Chinese Chinese companies, and worries over the effect of a national security law set to be implemented in Hong Kong.

Meanwhile, JD.com on Thursday disclosed it will acquire $100 million worth of convertible bonds in Gome Retail, one of China's biggest brick and mortar electronics chains. Chinese online firms have established a close partnership with physical electronics entities to boost their offline presence and complement their supply chain connections.

Gome Retail is one of the most successful and biggest electronic retailers in China. The group is currently working on a major restructuring from a physical platform into a multi-channel digital entity hinged on its solid online operations. The retail firm is also widening its physical store chains into low-tier cities and rural locations across the mainland.