Investors welcomed back NetEase with open arms in Hong Kong, with the enthusiasm increasing the company's share prices by more than 6 percent during the debut of its secondary listing. The surge underscored the country's increased appetite for tech-related stocks amid China's economic reopening.

NetEase's shares reached a high of 10 percent above its initial offer price before closing at HK$130 on Thursday, up 6 percent. The reception of the company's listing in the city is comparable to the 6.6 percent first-day gain for Alibaba Group Holding's, which floated its shares back in November.

All-in-all, NetEase managed to raise around HK$20.9 billion or roughly $2.7 billion from selling its shares in the Asian financial capital. When it first introduced the listing, its shares were oversubscribed by more than 360 times, exceeding Alibaba's oversubscription ratio of 40 times and Xiaomi's oversubscription of 9.5 times.  

The Hong Kong listing of the world's second-largest video game publisher also managed to increase its American depositary receipts (ADRs) on the NASDAQ. The company's US shares had surged by 3.8 percent, closing at $424.98 per share.  The bump extended the company's US shares to a total year-to-date increase of 39 percent.

Analysts at China Everbright Bank International Investment in Hong Kong pointed out that appetite for the so-called new economy shares in the city has remained high. Investors are particularly hungry for Chinese tech giants that are returning home to raise capital.

NetEase's listing also comes amid continued tensions between China and the US, which has resulted in added regulatory actions against US-listed Chinese companies. Last month, US lawmakers had passed new legislation that required comprehensive reviews of US-listed Chinese firms.

The move could lead to a number of delisting from popular equities destinations such as New York or the NASDAQ. The rising tensions and added scrutiny has heightened expectations of more US-listed Chinese companies to float their shares back home. On Thursday, Chinese e-commerce giant JD.com announced the official pricing of its secondary listing in Hong Kong, which is expected to start trading on June 18. The company priced its stock at HK$266 each, which means that JD.com  could raise as much as HK$30 billion during its share sale.

The increased appetite for new stocks also mirrors similar trends in other global markets. US stocks recently surged close to their record highs over the past few weeks amid continued monetary and fiscal stimulus measures. The upward trends managed to offset the downward trend in crude oil futures. In China, the Hang Seng Index has been on an upward trend for seven straight days, with Tuesday capping off its longest winning streak in more than a year.