US-listed Chinese new-economy companies are mulling secondary flotations in Hong Kong after watching Alibaba’s shares soar, says China Renaissance

• A wave of Chinese internet giants that have listed in the US by issuing American depositary receipts are considering following Alibaba’s lead and aiming for a secondary flotation in Hong Kong, say bankers
• But the recent launch of Shanghai’s Nasdaq-style Science and Technology Innovation Board means Hong Kong now faces competition from mainland China to attract new-economy firms