Bank of China share sale lures investors

          BEIJING, May 29 -- Bnak of China's US$9.7 billion initial public offering (IPO) has drawn keen interest among stock market investors hoping to buy into China's rip-roaring growth despite the risks.

Bank of China (file photo)

    The IPO, the world's biggest in six years, brings to the international market China's second-largest and its oldest bank.

    With shares representing a 10.5 percent stake in the company priced at HK$2.95 (38 U.S. cents) each, Bank of China (BOC) has an initial market capitalization of about US$96 billion. That ranks between Germany's Deutsche Bank AG and Switzerland's UBS AG but well behind the U.S. banking companies Citigroup Inc. and Bank of America Corp.

Bank of China's HK public offering attracts HK people

    HONG KONG, May 18 (Xinhua) -- Bank of China Limited (BOC), one of China's four biggest state-owned commercial banks, started its Hong Kong public offering Thursday, and Hong Kong citizens lined in queues in a number banks in Hong Kong for getting application forms in the morning.

    Some 3 million copies of the applications forms are prepared for local banks and securities companies.

    At a bank in Kowloon, hundreds of people lined in queues before the bank's opening hour for fetching an application form.

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