CCS vying to be first regional broker on HKEx

China money resized 230px
By Rev Hui
12 Jun 2014

Henan based Central China Securities (CCS) is looking to become the first Chinese regional brokerage firm to list on the Hong Kong Stock Exchange, having opened books for its HK$1.88bn ($242m) IPO on June 9.

The HKEx is currently home to only three Chinese brokers, with China Galaxy Securities being the most recent to float, raising HK$8.3bn in May 2013. Haitong Securities and China Citic Securities are the other two and all three have had a poor 2014 so far, dropping ...

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