Market Rumors: GF Securities, Douglas, Fuayo Glass

By Chelsea Naso (March 6, 2015, 6:39 PM EST) -- Shenzhen-listed brokerage firm GF Securities Co. is planning to seek approval for a Hong Kong initial public offering that could raise $1 billion, The Wall Street Journal reported Friday. GF Securities has already locked down approval for the listing from the China Securities Regulatory Commission to sell up to 1.7 billion shares, but the planned listing is still subject to approval from the Hong Kong Stock Exchange, the report said. The proceeds from the offering are expected to help develop margin financing and securities-lending  businesses....

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