China and Hong Kong staged banks exchange

Chinese banks are seeking salvation in the IPO

In brief: China: Bank of Shanghai is planning to issue 1.2 billion shares for the IPO. And one of the largest banks in Hong Kong comes to the Chinese market.

According to information from knowledgeable sources, the Commercial Bank of Shanghai Bank is planning to issue 1.2 billion shares for the purpose of an IPO. Given the fact that the application has not yet been brought to the banking regulator, timing and other details of IPO are still unknown.

At the same time, the third in market capitalization in the Hong Kong Bank of Bank of East Asia, according to the not yet officially confirmed the information, plans to sell bonds on the Chinese market to raise 5 billion yuan ($ 732 million). For the issuance of debt bonds were involved in China International Capital and the Industrial and Commercial Bank of China.

Ukrainian Globalist
2010-05-31 18:33, Economics.

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