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Capital Markets

Yum IPO hits the spot as Chinese firms target Hong Kong listings

As the US turns its back on China, US-listed mainland firms are rushing to complete secondary share sales. For all the challenges facing Hong Kong, this week’s market debut by and Yum China’s $2 billion beauty parade, are signs of a market in rude health.

HK stock exchange 780
A flag bearing the logo of the Hong Kong Exchanges and Clearing Limited flies in Hong Kong, China January 24, 2018. REUTERS/Bobby Yip - RC148B01CC40

For investment bankers in Hong Kong, June 19 will be just another in a long line of very big days. On Friday morning, they will be ushered in, bank by bank, to meet in person – no Zoom meetings here – the senior management of Yum China.

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