CICC's Shanghai Shares Rally on Debut to Almost Triple Hong Kong Price
Tang Shihua
DATE:  Nov 02 2020
/ SOURCE:  Yicai
CICC's Shanghai Shares Rally on Debut to Almost Triple Hong Kong Price CICC's Shanghai Shares Rally on Debut to Almost Triple Hong Kong Price

(Yicai Global) Nov. 2 -- The new Shanghai-listed shares of China International Capital, the country's largest investment bank, jumped to the upper limit on the first day and almost triple the price of its Hong Kong-listed equity.

CICC's stock price [SHA:601995] touched the bourse's 44 percent limit for secondary listings today by logging CNY41.44 (USD6.20). The shares were 31.3 percent up at CNY37.79 at 11.29 a.m.

The financial institution's issuing price of CNY28.78 is about 80 percent higher than its Hong Kong-listed shares' price.

The bank’s equity price in Hong Kong [HKG: 3908] climbed 1.2 percent to HKD18.26 (USD2.40).

Editor: Emmi Laine

 

Follow Yicai Global on
Keywords:   Secondly Listing,Share Price,Investment Bank,Shanghai,CICC