Beijing-headquartered China Securities is set to extend the streak of Hong Kong listings from mainland brokerages this year as it begins pre-deal investor education for an initial public offering on Monday.
Sources say the firm expects to raise $1 billion from the share sale, which would make it the fourth billion-dollar Hong Kong IPO from a Chinese securities firm this year.
It comes hot on the heels of China Merchants Securities, Everbright Securities and Orient Securities, which have raised a combined $3.5 billion from H-share offerings since July.
Meanwhile, China Industrial Securities also raised HK$1.39 billion $180 million from an IPO...
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