According to people familiar with the matter, a Chinese video site platform listed in the USiQiyiBanks have been selected to arrange for a second listing in Hong Kong.

According to people familiar with the matter, iQiyi is currently working with and includingBank of America, CITIC Lyon Securities, andGoldman SachsConsultants, including the Group, cooperated to arrange the listing. Since the information was not made public, people familiar with the matter requested anonymity. They said it may go public as soon as the end of the year.

iQiyi is a search engine giantBaiduIts company, according to people familiar with the matter, may raise at least 500 million US dollars.

People familiar with the matter said that negotiations are still ongoing, and iQiyi may decide to postpone or cancel the listing plan. Other banks may also get involved.

Representatives of Bank of America, CITIC Lyons, and Goldman Sachs declined to comment. Representatives of Baidu and iQiyi did not immediately respond to requests for interviews during the National Day holiday.