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Hong Kong stock investors give foreign issuers cold shoulder

Fast Retailing, the Japanese owner of fashion brands Uniqlo, Theory, Comptoir des Cotonniers and Princesse Tam Tam, listed depositary receipts in Hong Kong on March 5. This was the latest in a string of initial public offerings in the city by international retailers and a handful of smaller companies from Japan.

     But Japanese issuers should be in no rush to float in Hong Kong, which remains, first and foremost, a platform for Chinese issuers.

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