ICBC targets Hong Kong IPO this year
www.chinaview.cn 2006-06-01 10:39:10


ICBC to go public in '06 amid state banks listing rush

"We will materialize an initial public offering (IPO) and market listing this year," Jiang told a signing ceremony on building financial ties between the bank and a major domestic steel plant, but declined to confirm whether his bank would be listed in the domestic market, which recently soared on improved market sentiment.    BEIJING, May 22 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC) Chairman Jiang Jianqing confirmed here Monday the biggest state bank of China would sell shares to the public in 2006, following on the heels of the China Construction Bank and Bank of China in a market listing rush.

    "We will materialize an initial public offering (IPO) and market listing this year," Jiang told a signing ceremony on building financial ties between the bank and a major domestic steel plant, but declined to confirm whether his bank would be listed in the domestic market, which recently soared on improved market sentiment.

ICBC aims to list domestically after HK IPO

    BEIJING, May 18 -- Industrial & Commercial Bank of China (ICBC) plans to list on the mainland after an initial public offering (IPO) in Hong Kong this year, an official at the bank's news department confirmed yesterday.

    The official, who declined to be named, confirmed comments by bank president Yang Kaisheng in the latest issue of Caijing.

    Yang said ICBC is willing to list shares domestically as soon as possible after the completion of its overseas IPO.


Editor: Nie Peng
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