Yum China Holdings, the main operator of KFC, Taco Bell, and Pizza Hut franchises in China, is pushing ahead with its planned $2 billion share sale in Hong Kong. The company is set to become the latest US-listed Chinese firm to launch its "homecoming" secondary listing in the city amid the growing tensions between China and the US.

The franchise operator initially laid out its plans to launch a secondary listing in Hong Kong in January. The company had sought the help of investment banks Goldman Sachs and China International Capital Corporation to act as bookrunners. According to sources with knowledge in the matter, the company is seeking additional brokers for the share sale. It is reportedly now in talks with several banks as it draws nearer to the completion of its plans.

Yum China's decision to move ahead with its secondary listing comes at the heels of the successful share sales of other US-listed Chinese firms. NetEase, the world's second-largest games publisher, successfully raised around $2.7 billion through its secondary listing in Hong Kong. Chinese e-commerce giant, JD, just made its shares available for trading on Thursday, after successfully raising more than $3.88 billion.

When Yum China launches its secondary listing, it will become the fourth high-profile listing in the city by a Chinese firm with American depositary receipts (ADRs) over the past eight months. The first company to launch its secondary listing in the city was Alibaba Group Holdings. The company managed to raise around $12.9 billion through its Hong Kong share sale in November.

Similar to other US-listed Chinese firms, Yum China is now actively trying to diversify its shareholder base given the current geopolitical climate. Sources within the company revealed that management is aware of the risks involved in the escalating dispute between two of the world's largest economies. By listing at home, the company hopes to mitigate that risk.

Chinese firms with shares in the US are now facing possible delisting after the US Senate had approved a bill that will be requiring foreign companies to submit their audits for review. China has criticized the legislation for seemingly targeting mainly Chinese-owned companies.

The growing tension between the two nations is expected to encourage more US-listed Chinese firms to launch their own "homecoming" share sales in the coming months.  There are currently more than 200 Chinese companies listed on US stock exchanges. Combined, the companies are estimated to be worth around $1.2 trillion.