Chinese securities firms kick off IPOs

The proposed listing of Guotai Junan Securities and others has set in motion a new round of capital raisings onshore for Chinese brokerage houses.

Chinese securities firms kick off IPOs

A planned Shanghai listing of Guotai Junan Securities, China’s third largest brokerage by assets, is expected to herald the IPOs of more securities houses in mainland China.

Guotai Junan could raise Rmb15 billion-Rmb20 billion $2.5 billion-$3.3 billion through the IPO if market conditions permit, according to a source close to the issuer.

The deal is still at an early stage and is likely to happen by year-end, with more than 100...

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