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HONG KONG, June 1 (Xinhua) -- Bank of
China Limited (BOC) was officially listed on the main board of the Hong Kong
Exchange and Clearing Limited (HKEx) and the trading of the bank's H share began
on Thursday.
BOC is the second listed bank among the four biggest
commercial banks in the Chinese mainland and the bank's initial public offering
is the world's biggest of the kind in six years.
The debut share price was 3.15 HK dollars, 6.8
percent up over the initial public offering (IPO) price of 2.95 HK dollars.
At 11:00 a.m., the share price reached 3.325 HK
dollars, 12.7 percent up over the IPO price, with a traded volume of 8.39
billion HK dollars (1.76 billion U.S. dollars).
BOC Chairman Xiao Gang said at the bank's listing
ceremony at the HKEx that the BOC's IPO is one of the most successful IPO
programs in the international capital market, which indicated the international
investors' confidence in China's long-term economic prosperity and acceptance of
the bank's century-old brand.
HKEx Chairman Ronald Arculli said BOC's successful
listing reflects Hong Kong's status as an international financial hub, adding
Hong Kong is making efforts to attract more companies to list in Hong Kong.
BOC offered a total of 25.57 billion H shares in its
global offering, including initially 1.28 billion H shares for the Hong Kong
public offering and 24.29 billion H shares for the international offering.
The bank's IPO has received warm response globally.
After the bank's IPO by May 23, the application volume for the bank's IPO
exceeded 76 times in Hong Kong, 20 times for international offering.
Xiao Gang said, as the oldest and one of the
best-known commercial banks in China, BOC has an extensive overseas branch
network, a solid customer base and a universal banking platform.
He said BOC is a leader in non-interest income and
foreign exchange business with strong product innovation capabilities. The
overall listing of the bank in Hong Kong opened another exciting chapter of the
Bank's hundred-year history. Enditem
