china-citic-bank-to-list-in-hong-kong-and-shanghai

China Citic Bank to list in Hong Kong and Shanghai

Sources suggest the Chinese lender may raise more than $4 billion from the dual listing with a small portion going to cornerstone investors.
It isnÆt the first and certainly not the largest, but the upcoming listing of China Citic Bank could provide a genuine test of investor appetite for Chinese financial stocks and indeed for the countryÆs growth story.

So far, the Mainland banks that have listed in Hong Kong have all been either one size bigger than the previous one that came to market or û in the case of China Merchants Bank - the first private sector lender to seek an offshore listing. Citic Bank is neither and some investors say this means it will have to rely a lot more on an attractive valuation to get the deal done.

Several bankers close to the lender...
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