china zheshang bank

The Hangzhou-headquartered lender has come up with a deal structure for its $1.75 billion IPO pretty much identical to other recently listed banks in Hong Kong.

The lender, potentially targeting some $1.9 billion from the listing, looks set to be Hong Kong's largest bank IPO in more than two years.

Depressed valuations in Hong Kong mean it is a big ask for banks seeking to list this year, upping the pressure on them to lean on relationships to get the deals done.