ICBC to go public in Hong Kong in Sep
(Xinhua)
Updated: 2006-06-13 10:26
The Industrial and Commercial Bank of China Ltd., China's biggest lender by
assets, is expected to list its shares in Hong Kong in September, a Xinhua-run
newspaper reported on Tuesday.
The ICBC's initial public offering (IPO) is estimated at 100 billion Hong
Kong dollars, one of the highest in the world.
ICBC would submit its listing application to the Hong Kong stock exchange for
scrutiny next week, the report said, citing an unnamed senior manager of the
bank.
China's banking regulator gave the nod for ICBC's IPO plan in mid-March.
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