日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

BIZCHINA> News
CITIC Bank kicks off IPO roadshow
By Jin Jing (China Daily)
Updated: 2007-04-05 09:38

CITIC Bank kicks off IPO roadshow
Pedestrians pass a CITIC Bank billboard in Zhengzhou, capital of Central China's Henan Province.

China CITIC Bank Corp Ltd, the country's seventh-largest commercial lender, began marketing its Shanghai and Hong Kong initial public offering (IPO) of 7.2 billion shares yesterday.

CITIC Bank is the second Chinese firm to list simultaneously in Hong Kong and Shanghai after the Industrial and Commercial Bank of China floated in October.

The bank plans to issue 2.3 billion A shares and 4.88 billion H shares, with a greenshoe option to exercise a 15 percent over-allotment for H shares in case of oversubscription, according to the bank's prospectus to the China Securities Regulatory Commission. The capital raised will be used to supplement the bank's capital.

The bank began its H-share roadshow in Beijing, Shanghai, Shenzhen and Guangzhou yesterday. It is expected to set the issue price on April 20. The A and H shares will be priced the same after the currency exchange rate is allowed for, the bank said.

Analysts said CITIC Bank had a unique advantage over other banks because of its parent firm CITIC Group, a large State-owned company involved in the financial, real estate, information and infrastructure industries.

"It will be easy for CITIC Bank to expand the scope of its financial services in the future after government approval," said Ren Zhuang, an analyst at Industrial Securities. "It is potentially a big advantage for CITIC Bank."

CITIC Group will lower its stake in the bank's shares from 80 percent to 63.71 percent after the listing, while the two other major shareholders, CIFH and BBVA, will retain their stakes of 15.17 percent and 4.83 percent. CIFH is majority-owned by CITIC Group. BBVA is a foreign financial services provider.

The bank posted a 25 percent net profit increase to 3.86 billion yuan in 2006 from 2005. It forecast a further increase of 53 percent to 5.6 billion yuan for 2007.

"The bank's past performance is good in the retail banking business, but it still has a higher bad-loans ratio compared with other joint-stock banks," said Ren. The bank's non-performing loans ratio was 2.5 percent in 2006, higher than that of most joint-stock banks like China Merchants Bank and Shanghai Pudong Development Bank, which are under 2 percent.

The bank's outstanding personal deposits amounted to 105.9 billion yuan in 2006, ranking it second of all national commercial banks, according to the prospectus.

CITIC bank is expected to begin trading on April 27, making it the first large-cap IPO in the past two months to list on the Shanghai Stock Exchange, after Ping An of China, which began trading on March 1.

"The bank's IPO is also a sign that lots of IPOs with large capitalization may be announced in the next few months, including Bank of Communications and China Mobile," said Zhang Yidong, an analyst at Industrial Securities.

Bank of Communications will reportedly get approval to list in Shanghai by July this year.


(For more biz stories, please visit Industries)
主站蜘蛛池模板: 免费无遮挡在线观看视频网站 | 黑人巨大猛烈捣出白浆 | 在线看黄色网址 | 伊人网狼人 | 五月婷在线视频 | 天天干天天舔 | 看av网址| 青春草在线免费观看 | 超碰在线国产97 | 深夜视频在线观看 | 三级黄色av | 欧美成人xxxx | 麻豆久久久久久久 | 亚洲美女在线视频 | 国内毛片 | 色婷视频 | 亚洲黄色在线免费观看 | 18av在线视频 | 在线视频天堂 | 狠狠操在线视频 | 国产h视频在线观看 | 免费一区二区视频 | 大地av| 国产视频www | 成年人视频在线看 | 天天操一操 | 欧美色插 | 人人干人人插 | 正在播放久久 | 一级片免费播放 | 免费黄在线观看 | 久久精品国产亚洲7777 | 日韩在线观看网站 | 久久国产精品偷 | 99视频在线 | 欧美一区二区网站 | 激情图片在线视频 | 久草精品视频 | 久久大陆| 波多野结衣在线观看一区二区三区 | 中文字幕高清在线 |