China Everbright Securities plans $1 billion placement

The Shanghai-based firm plans to use the proceeds from the fundraising to replenish its working capital and expand its business.

China Everbright Securities plans $1 billion placement

China has made efforts to ease controls on its capital markets in a bid to encourage greater participation from private investors both in China and overseas, and this loosening of restrictions is creating opportunities for the country’s securities firms.

Everbright Securities is one broker relishing the prospect of more liquidity. China’s leading securities dealer, which is controlled by state-owned financial conglomerate China Everbright Group, is seeking to raise Rmb7 billion $1.1 billion in a private...

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