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China's battery and automaker BYD rose to more than 4% in early trading on Wednesday, after the company said it was expected to issue A shares during the year.
During the Shanghai Auto Show, BYD stated that it has submitted an application for the issuance of A shares in Shenzhen to the China Securities Regulatory Commission and hopes to make it available within the year. The company also plans to issue RMB bonds in Hong Kong next week. [ID:nCN1754353]
At 10:00 Hong Kong time, BYD rose 4.09% to HK$29.25.