HONG KONG -- Geely Automobile Holdings' shares surged on the Hong Kong Stock Exchange on Wednesday, a day after the Chinese carmaker filed for a 20 billion yuan ($2.93 billion) listing on Shanghai's STAR Market, closing at their highest level since mid-July.
Automobiles
Geely shares in Hong Kong jump as Shanghai listing nears
Chinese carmaker to raise $2.93bn in first listing from industry on STAR Market
A production line at a Geely plant in Zhejiang province. The listing of Geely, whose parent company also controls Volvo Cars, would make it the first carmaker on the STAR Market. © Reuters
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