Haitong gears up for HK float

Haitong Securities, China's second-largest publicly traded brokerage, could raise about $1.7bn (£1.08bn) with a listing in Hong Kong, two sources with direct knowledge of the deal said yesterday. The company will offer 1.229bn shares at an indicative range of HK$9.38 to HK$10.58 each, putting the total deal at up to HK$13bn, according to the sources.