CHINA

Chinese Firm’s Shares Debut on Wall Street: A Hong Kong-based holding company last week became the first Chinese government-owned corporation to sell shares on Wall Street, allowing U.S. investors to buy into the country’s burgeoning economy. Brilliance China Automotive Holdings Ltd. issued 5 million shares at $16 each, lead underwriter First Boston Corp said. That gave the company an $80-million capital infusion, substantially more than the $67.7 million sought. The stock rose quickly, hitting a high of $20.50 before closing at $20.125 a share. Trading under the symbol CBA, it was the most active issue on the New York Stock Exchange after Ford Motor Co. More than 3.9 million shares changed hands.