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Baozun, Zai Lab join march of New York-listed companies to raise more capital in Hong Kong as US-China ties deteriorate

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…

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