June witnessed two giant U.S.-listed Chinese firms carrying out secondary offering in Hong Kong, after e-commerce conglomerate Alibaba Group pioneered the practice in November last year under the new listing regime of the city. Experts who are dedicated to investment banking, securities analysis and IPO legal procedures said the recent "homecoming" cases are just the beginning of the story, adding that the trend will last for a couple of years due to continuous financial reform in China and external factors.
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