IN BRIEF (Page 13)

Merchants Securities' IPO

China Merchants Securities Co won regulatory approval for an initial public offering in Shanghai that could fetch $2 billion, setting off a return of big IPOs to the mainland stock market after share prices stabilized. The planned IPO, the biggest in nearly two months, comes after the successful launch of China's NASDAQ-style second board last week and as the broad market gains strength.

Taikang stake sale bids