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