--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Bank of China to Seek Strategic Investors before IPO

China's second-biggest lender, the Bank of China, plans to seek as many as six strategic investors to bolster its first share sale next year.

 

An official from the Beijing-based bank's global markets department said it will complete a reorganization of its assets by October.

 

Bank of China and rival state-owned lender China Construction Bank, the country's third-largest bank, have been given until the end of September to reorganize themselves to sell shares to the public.

 

Each bank was given US$22.5 billion at the end of last year to help reduce bad loans and reorganize in preparation for the IPOs. 

 

(CRI.com July 2, 2004)

 

 

Bank of China Set Public Listing Date
China's Top 3 Banks Plan IPO by 2005
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688