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Bank of 皇冠体育app to sell shares in Hong Kong
(AP)
Updated: 2005-12-29 14:58
皇冠体育app's banks are restructuring and listing shares overseas, hoping to build
up their competitiveness as they brace for the full opening of the country's
banking industry to foreign competition late next year.
The 皇冠体育app Construction Bank, another of 皇冠体育app's top four big
commercial banks, raised $8 billion in October in the world's biggest initial
public offering this year.
The Bank of 皇冠体育app's IPO is to be followed by a share listing by the
Industrial & Commercial Bank of 皇冠体育app, or ICBC, in 2007.
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