Huatai Securities seeks Hong Kong listing

The brokerage is the latest in China seeking to take advantage of booming stock markets.

Huatai Securities is seeking to raise between $3 billion and $3.5 billion by selling some of its shares in Hong Kong, two sources close to the deal said on Monday.

Pending approval from the Hong Kong Exchanges and Clearing, Shanghai-listed Huatai Securities will begin gauging investor appetite and launch formal roadshows in mid-May, the two sources told FinanceAsia.

The brokerage becomes the latest mainland Chinese financial company seeking to float its shares as A- and H-share markets have boomed, following GF Securities's successful IPO.

Hong Kong’s Hang Seng Index has jumped by 12.7% since April 2 and is up...

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