PICC stock surges on debut as buyers scramble for China

07 Nov 2003

Shares of PICC Property & Casualty, China's largest general insurance company, surged 50% to HK$2.70 yesterday (Thursday) on the company's Hong Kong debut.

China International Capital Corp and Morgan Stanley priced the initial public offering late last week at HK$1.80, the top end of the range, which had already ...

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