PICC moves forward with secondary Shanghai listing

PICC is pressing ahead with plans for a $1.6bn listing in
Shanghai, in what will be the largest public offering in mainland
China so far this year.
PICC said in May last year that it was planning
a secondary listing in Shanghai, with the company already
listed on the Hong Kong Stock Exchange.In a regulatory filing on 9 April, PICC confirmed the public
offering plans, which Reuters estimated will raise over 10bn yuan
($1.59bn), based on the sale of...