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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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