China Securities joins year-end IPO rush

A fifth Chinese securities firm of the year will list in Hong Kong, reflecting a trend of tapping the market in the SAR to avoid a logjam on the mainland.

China Securities joins year-end IPO rush

Beijing-headquartered China Securities is set to extend the streak of Hong Kong listings from mainland brokerages this year as it begins pre-deal investor education for an initial public offering on Monday.

Sources say the firm expects to raise $1 billion from the share sale, which would make it the fourth billion-dollar Hong Kong IPO from a Chinese securities firm this year.

It comes hot on the heels of China Merchants Securities,...

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