Minsheng Bank seeks up to $4 billion from Hong Kong listing

The price range straddles the current A-share price, while offering a discount versus most other Chinese banks listed in Hong Kong.

China Minsheng Banking Corp will kick-off the roadshow today for what looks set to become the largest Hong Kong initial public offering so far this year. The privately controlled Chinese bank, which is already listed in Shanghai, is seeking to raise between HK$28.2 billion and HK$31.5 billion $3.6 billion to $4.07 billion.

While the size looks somewhat ambitious, given the recent increase of volatility in global equity markets and growing concerns that rising interest rates...

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