city commercial bank

The Chinese lender sets the price just below the mid-point at HK$6 per share after the mostly China-based cornerstones and anchor investors were joined by decent demand from international institutions.

The up to $1.3 billion deal was largely covered by China-based accounts pre-launch, highlighting once again the selective interest in new listings by institutional investors.

As the first Chinese bank to launch an IPO in Hong Kong in almost three years, Bank of Chongqing will be a test of investor appetite amid strict price regulations.