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Citic Eyes $2B Via HK Listing

Citic Securities is seeking to raise about $2 billion through a Hong Kong listing.

Citic Securities is seeking to raise about $2 billion through a Hong Kong listing, Financial Times reports. The brokerage intends to use the proceeds to fund the company’s international targets.

In addition to Citic, the securities units of China Construction Bank, Industrial & Commercial Bank of China and China International Capital Corporation are managing the listing along with Morgan Stanley. The firm, which is already listed in Shanghai, is part of Citic Group.

Click here for the story from Financial Times.

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