in

Two more US-listed stocks flee to Hong Kong as US-China ties fray


Two New York-listed Chinese companies filed plans to raise more funds in Hong Kong this week, joining a steady march of secondary listings as they seek to bolster their finances closer to home to hedge against risks amid deteriorating US-China relations.E-commerce operator Baozun and pharmaceutical producer Zai Lab Limited, both headquartered in Shanghai, will sell additional shares on the Hong Kong stock exchange, adding to the US$4 billion of initial public offerings (IPOs) this month that…

Reference