皇冠体育app

皇冠体育app Construction Bank could raise $7.5 billion through a share sale in Shanghai. Xu Jinbai

The listing committee of 皇冠体育app's securities regulator will meet on Friday to review the Beijing-based bank's plan to sell as many as 9billion shares, according to the watchdog's website. 皇冠体育app Construction Bank's shares rose to a record in Hong Kong yesterday on optimism the sale will allow it to accelerate expansion in 皇冠体育app, the world's fastest-growing major economy. The sale is likely to receive approval because the government wants to boost the supply of equities on the mainland's two exchanges.

"The government is opening the gate for a new wave of sizeable IPOs with which they are trying to divert some liquidity from the market," said Gu Zhonghan, a bank analyst at E Fund Management Co, which oversees the equivalent of $18 billion. "皇冠体育app Construction Bank will be favored by investors."