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Hong Kong investors welcome Chinese 'homecomings' from New York

Huazhu gains despite short seller report while ZTO and Zai Lab close sales early

Huazhu Group, operator of the Hanting Hotel chain and others in China, gained on its trading debut in Hong Kong despite a short-seller report alleging financial misconduct. (Source photos by AP)

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.

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