PICC plans to list in Shanghai

PICC Group, the parent company of PICC P&C, is planning to list
on the Shanghai Stock Exchange four years after it went public in
Hong Kong.
According to a statement on PICC Group's website, the
carrier will sell no more than 4.6 billion shares in Shanghai -
equivalent to 9.78 percent of its total stock - pending approval
from its shareholders and Chinese regulators.
Its shares closed down 0.9 percent in Hong Kong on Thursday.
Based on PICC's closing market...