From Xinhua via China Daily:<\/p>\n
China CITIC <\/a>Bank is planning a share listing in Hong Kong by the end of this year, followed by another share offering in China’s inland market, its president said on Friday.<\/p>\n
CITIC is joining a Chinese bank listing parade ahead of the full opening of China’s financial market to foreign rivals. China hopes its banks will improve corporate governance and business through public listings.<\/p>\n
CITIC Bank president Chen Xiaoxian told Xinhua the bank is targeting an initial public offering of over 15 billion Hong Kong dollars to shore up its balance sheets.[Full Text]<\/a> <\/p><\/blockquote>\n
See below stories for Chinese banks’ recent listing parades in Hong Kong and mainland:<\/p>\n
Bank of China Ready to Launch $9.9B IPO<\/a>
\nBank of China to raise $2.5bn in domestic listing<\/a>
\nConstruction Bank raises 8 b dollars in IPO<\/a>
\nChina’s biggest bank, ICBC, to seek Hong Kong IPO for September<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"From Xinhua via China Daily: China CITIC Bank is planning a share listing in Hong Kong by the end of this year, followed by another share offering in China’s inland market, its president said on Friday. CITIC is joining a Chinese bank listing parade ahead of the full opening of China’s financial market to foreign […]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[487,3432,3179],"class_list":["post-8103","post","type-post","status-publish","format-standard","hentry","category-economy","tag-banking","tag-citic","tag-ipo","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
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