Chinese companies are still keen to tap U.S. capital markets for funds even amid an escalating trade war between the world’s two largest economies.

Chinese tech companies in particular continue to want to come to the U.S. for initial public offerings, Samardh Kumar, global head of Citigroup Inc.’s software investment banking practice, said Wednesday at the Bloomberg Invest conference New York.

“They’re still looking at the U.S. exchanges as the place to get out there and have their story heard by probably the most sophisticated investor base,” Kumar said.

Kristin DeClark, Barclays Plc’s co-head of U.S. equity capital markets, said she expects Chinese tech listings to continue to be a big focus for the next couple of years, regardless of where companies choose to sell shares.

“Investors can invest across different exchanges, so it doesn’t limit the investor base,” she said. “It doesn’t limit U.S. institutions from investing in a company listed in Hong Kong.”

Alibaba Group Holding Ltd. is considering raising $20 billion via a second listing in Hong Kong, five years after making its U.S. public market debut, Bloomberg News reported last week.

The e-commerce giant’s decision is a result of the Chinese government’s efforts to make a local listing easier and more appealing to domestic companies, Citi’s Kumar said.