Shanghai - Delayed Quote CNY

CITIC SECURITIES (600030.SS)

27.07

+0.98

+(3.76%)

At close: 3:00:02 PM GMT+8

China's Lens Technology aims for July Hong Kong listing, sources say

Shenzhen-listed Chinese mobile screen maker Lens Technology is planning to file an application for a Hong Kong listing by the end of this month, aiming to get the offering done in July, said two people with knowledge of the deal. The company, which is one of the suppliers for Apple's iPhone, has tapped CITIC Securities to sponsor the offering, the two people said, declining to be named as the information is confidential. Bank of America has also been appointed to be the offering's overall coordinator, said one of them.

Reuters last month

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China's CITIC cuts CLSA offshore banker base pay by up to 30%, sources say

China's CITIC Securities is cutting the base salary of more than 100 bankers at its offshore platform CLSA amid a drop in deal making and pressure to narrow the pay gap with its onshore operations, two people with knowledge of the matter said. In an unusual move for an industry where base pay is not subject to market conditions and bonus variations are more common, CLSA started notifying its investment bankers on Wednesday that their salary will immediately be cut by 15% to 30%, the two people said. It is the first time a Chinese investment bank has cut base salaries outside of its home market and comes with an uncertain outlook for Chinese companies' near-term offshore dealmaking.

Reuters 11 months ago

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Performance Overview

Return	600030.SS	SSE Composite Index (000001.SS)
YTD	-7.20%	+1.56%
1-Year	+47.20%	+8.21%
3-Year	+52.23%	+10.36%