Share-backed instruments from one of China’s biggest brokerages began trading in Britain
HONG KONG— on Monday, under a just-launched program linking markets in Shanghai and London, but modest pricing for the more-than $1.5 billion deal suggested lukewarm interest from investors.
Huatai Securities Co. on Friday priced a little more than 75 million global depositary receipts, or share-backed securities. This is the first such sale under the Shanghai-London Stock Connect, a long-planned project to make Chinese shares available...
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