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More China companies seek Hong Kong dual listings as US pressure rises

ZTO Express in talks with banks while Yum China seeks $2bn

HONG KONG -- Yum China, the operator of Pizza Hut and KFC on the mainland, has confidentially filed for a $2 billion listing in Hong Kong while Alibaba-backed delivery company ZTO Express is also considering selling shares in the city, joining a line of U.S.-listed Chinese companies hoping to go public closer to home.

People familiar with the plans said that the decisions were made by the companies in view of mounting tensions between Beijing and Washington.

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