Auto parts firm debuts in US

Shares in China's leading manufacturer of auto electrical and suspension parts, Wander Auto Technology, opened at $8.78 in its NASDAQ debut on Wednesday night Beijing time.

The manufacturer, based in Jinzhou, Liaoning Province, completed a reverse merger last June, with shares trading first on the OTCBB market before the overseas listing.

Zhao Qingjie, chairman and chief executive officer, identified the listing as "a significant step" to exploring overseas markets.