SHANGHAI: Shares of CITIC Heavy Industries Co firmed on its Shanghai debut on Friday, after the heavy machinery maker raised $500 million in China's biggest IPO so far this year, boosted by expectations of progrowth policies to support the economy.
CITIC Heavy shares opened at 4.69 yuan, compared with its IPO price of 4.67 yuan, but pushed higher to be up 3 percent at at 4.81 yuan by 0155 GMT.
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