China Renaissance shares plunge on trading debut

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China Renaissance shares plunge on trading debut

By Emma Dunkley,Edward White in Hong Kong, in Taipei

Shares in China Renaissance, a specialist investment bank backed by an Alibaba affiliate, plunged a fifth during its trading debut, following lacklustre Chinese tech-focused and “new economy” flotations.
The Beijing-based boutique bank saw its stock drop as much as 24 per cent on Thursday, before paring losses and closing down 22 per cent at HK$24.70.

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关键词：Renaissance Trading rading Shares share