Off the wire
• Australian bio-robots to investigate the Indian Ocean  • New Zealand ready to help Pacific nations in humanitarian challenges: FM  • Timberwolves select Towns with No. 1 pick in NBA draft  • Australian girl gets bond for providing drug for friend  • Australia's suicide rates could be reduced by 30 pct with European approach: researchers  • Australian authorities seize 50 kg methamphetamine  • 1st LD: Chinese shares dive over 4 percent at mid-day  • Exports can help boost Brazilian economy in times of fiscal adjustments: minister  • New Zealand's goods trade surplus drops in May  • Brazilian expert lauds enhanced cooperation among BRICS nations  
You are here: 　 Home

China's 3rd largest brokerage rises 44-pct on debut

Xinhua, June 26, 2015 Adjust font size:

Guotai Junan Securities, China's third largest stock brokerage firm by assets, started trading on the Shanghai stock exchange Friday.

At the opening, the stocks rose 44 percent, the maximum allowed on a new stock's first trading day, to 28.38 yuan (4.64 U.S. dollars).

The company's shares opened for subscription last Thursday at a price of 19.71 yuan per share to raise more than 30 billion yuan, the largest domestic initial public offering in five years.

Guotai Junan was established in 1999 after the merger of former Guotai Securities and Junan Securities, which were both founded in 1992. Endi