HONG KONG -- Signaling sustained interest in Chinese companies securing backup listings in Hong Kong, investors on Tuesday sent shares of hotel operator Huazhu Group up as much as 5.1% on their trading debut and gave so much support to offerings by courier service ZTO Express and biopharmaceutical producer Zai Lab that the two stock sales ended a day early.
The demand for the three should comfort other U.S.-listed Chinese companies, including internet search leader Baidu and online retailer Boazun, which are looking at establishing secondary listings in Hong Kong amid the growing tensions between Beijing and Washington.
