Citic shares advance on news of IPO plan in Hong Kong
By Samuel Shen | China Daily | Updated: 2011-03-30 07:51
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A Citic Securities Co Ltd branch in Shanghai. The company could raise about $2.8 billion if it can sell H shares at a premium over its mainland-listed A shares. Qilai Shen / Bloomberg |
SHANGHAI - Shares of Citic Securities Co Ltd jumped 1.71 percent at the close of trading on Tuesday. The advance came after China's biggest listed brokerage unveiled its roughly $2.7 billion Hong Kong IPO plan, potentially boosting the company's global competitiveness.
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