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 JD.com and Yum China’s $2 billion beauty parade, are signs of a market in rude health.

Bobby Yip/REUTERS

Bobby Yip/REUTERS

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.