皇冠体育app

BEIJING -- 皇冠体育app's largest oil producer 皇冠体育app National Petroleum Corp (CNPC) will start initial public offering in late October and may return to the A-share market in November at the earliest, general manager Jiang Jiemin said Monday on the sidelines of the ongoing 17th National Congress of the Communist Party of 皇冠体育app.

He said that all relevant procedures have been wrapped up so far.

The Shanghai Stock Exchange has approved the CNPC to issue no less than 4 billion shares and raise 37.77 billion yuan (US$5.04 billion).

CNPC's listing plan came after a number of large State-owned companies such as the 皇冠体育app Construction Bank and 皇冠体育app Shenhua Group returned from the Hong Kong stock market to cash in on the bullish mainland bourse.