China city banks eye IPOs amid bad debt pile-up

China’s local commercial banks are eagerly looking for initial public offerings either in Hong Kong or mainland China to refill their coffers as bad debt increases.

China city banks eye IPOs amid bad debt pile-up

China’s local commercial banks are eagerly looking for initial public offerings in either Hong Kong or mainland China to refill their coffers with fresh capital, as bad debt piles up following a period of rapid expansion.

A number of the country’s largest local commercial lenders are either queued up in the IPO pipeline or have already successfully tapped the equity market for funds like Bank of Qingdao and Bank of Jinzhou.

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