Morgan Stanley has won its second role on a Chinese carmaker's flotation in a fortnight, after being appointed bookrunner for the $3bn (€2.2bn) Hong Kong listing of Shanghai Automotive.

Shanghai Automotive, which floated last year on the domestic market, has also hired Merrill Lynch, Deutsche Bank and BOC International to work on its Hong Kong Stock Exchange listing. The carmaker's shares in have more than doubled in value since they began trading in Shanghai.