Bank of China becomes world's 8th biggest bank by value

Bank of China sees a successful first day of trading and lights up its Hong Kong building with its new stock code to celebrate.

Bank of China's $9.73 billion IPO saw a successful first day's trading closing at HK$3.40, up 15% from its listing price of HK$2.95. This was achieved in spite of difficult markets, and makes Bank of China the eighth largest bank in the world by market capitalisation $106.7 billion - ahead of its shareholder RBS market capitalisation $102.5 billion, Mizuho Financial $98.7 billion and probably most importantly, China Construction Bank $97.7 billion . To celebrate its achievement, Bank...

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