HONG KONG (Reuters – Didi Global is a ride-hailing firm in China that plans to establish a process to allow Hong Kong to list its shares without having to raise capital.

Didi plans to withdraw from New York Stock Exchange due to Beijing pressure. Didi had earlier this year pushed for an initial public offering (IPO), there, despite being told not so.

According to people, the Hong Kong mechanism (also known as “listing by introduction”) would permit owners of Didi U.S. share to gradually transfer them to the city’s stock exchange. The plan is not public so they declined to identify themselves.

According to one person, Didi hopes to submit for Hong Kong listing at the end of April.

Plans are currently being developed six months after Didi, also known as Uber Technologies (NYSE) Inc of China’s debut in New York, raised $4.4 million in a conventional IPO.

It stated that earlier this month it would delist the U.S. exchanges and go after a Hong Kong listing.

Didi spokespersons, who offer financial and delivery services through their apps in addition to ride-hailing service, didn’t immediately respond to Reuters requests for comment.

In Hong Kong, stock companies can list their stock via introduction. This is a different type of IPO. They do not raise any capital nor issue any new shares. This mechanism is popular with companies who want to establish a reputation in Hong Kong or the rest of Greater China.

According to the people, Didi selected Goldman Sachs (NYSE:), China Merchants Bank International CMBI (CMBI) and China Construction Bank International OTC:) International (CCBI) as the Hong Kong listing agents.

Goldman refused to comment. CMBI (and CCBI) did not immediately reply to a request for comment.

Reuters reports that Didi had planned to employ Goldman as a Hong Kong listing agent before embarking upon the New York delisting. It asked for proposals from the bank on how to list Hong Kong and delist New York.

Goldman and Morgan Stanley (NYSE:) & JPMorgan (NYSE :).