Brazil's Vale to start trading in Hong Kong this week

The world's largest iron ore producer will list in Hong Kong through introduction, giving Asia-based investors a chance to trade its stock in the Asian time zone in the form of HDRs.

In terms of new Hong Kong listings, 2010 will end on much the same note as it opened with an international resources company starting to trade here. In January, Russian aluminium giant UC Rusal became the first non-Asian company to go public in Hong Kong and on Wednesday it will be followed by Brazil’s Vale, the largest iron ore producer and second largest diversified mining company in the world. In between the two, only one other non-Asian company has listed...

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