Companies

Everbright Bank likely to list in HK in July

(Xinhua)
Updated: 2011-06-11 14:24

BEIJING -- China Everbright Bank Co is expected to list at the Hong Kong Stock Exchange as early as mid-July after it has got green light from the securities regulator.

Related readings:  China Everbright eyes Hong Kong listing  Everbright Bank IPO gets regulatory support  China Everbright Bank's 2010 net profit surges 67.4%

The Beijing-based bank said in a statement on Saturday that it has received regulatory approval for its plan to issue 12 billion overseas common stock from the China Securities Regulatory Commission.

The Shanghai-listed bank still awaited the final approval of the Hong Kong Stock Exchange.

China's commercial banks have been racing to replenish capital recently amid the nation's monetary tightening to check stubbornly high inflation.