- China-based fintech company, Lufax ( NYSE: LU ) announced that it plans to go public in HongKong, being the latest to join NY-traded Chinese companies seeking alternative listings to hedge against the risk of being banned from U.S. markets.
- Alibaba was also among the recent few who sought a primary HongKong listing.
- It plans to file for listing in the second half of the year.
- Both the countries are currently struggling to come to an agreement allowing American regulators to inspect audits of Chinese businesses and thereby forcing companies to leave U.S. exchanges.
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Another China-based company, Lufax seeks HongKong listing