Mainland Chinese food and beverage (F&B) brands are struggling to win over Hong Kong investors, as persistent market concerns over the country’s weak consumption weigh on valuations. While more than 10 consumer and F&B chains successfully listed in 2025, this year presents a starkly different landscape. Chinese fast-food brand LXJ International’s third listing application expired last week after failing to secure a hearing within six months, Hong Kong Exchanges and Clearing (HKEX) filings...