Citic Securities makes lukewarm trading debut

In a deal that many market participants were watching closely, specialists reckon Citic Securities' debut did as well as could be expected.

Hong Kong-listed shares in Citic Securities, China’s biggest publicly traded brokerage, ended unchanged yesterday after tumbling more than 10% during their first day of trading, reflecting weak demand amid the global market volatility.

Citic’s stock price dropped to HK$11.90 $1.5 at one point in the morning trading session yesterday, 10.5% lower than the offer price of HK$13.30, but regained its losses in the afternoon as the Hang Seng Index ended...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition