亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Bank of Beijing, one of China's largest city commercial banks, has chosen underwriters for its US$750 million to US$1 billion initial public offering (IPO) next year.

 

Reuters and Bloomberg said yesterday Bank of Beijing chose Goldman Sachs, Merrill Lynch and CITIC Securities to underwrite the IPO, quoting an unnamed source.

 

The lender plans a Hong Kong listing and is also considering a domestic A share offering, the report said.

 

The bank declined to comment on the situation.

 

The bank is one of many city commercial banks seeking to list on the Hong Kong and Shanghai stock markets following the listing of State-owned and joint stock commercial banks to boost capital.

 

Other banks include Bank of Shanghai, Ningbo City Commercial Bank and Nanjing City Commercial Bank.

 

The city commercial banks are considered ready for the stock market, as they have gone through restructuring, introduced foreign strategic investment and achieved a good level of capital adequacy ratio.

 

"More IPOs, especially from city commercial banks, will follow next year," said Dirk Chanmueller, finance services industry head of Capgemini China.

 

He said he believes a stable share price for those banks that recently launched IPOs will encourage followers in 2007.

 

Shares of Bank of China have traded around 3.6 yuan (46 US cents) in the past few weeks on the Shanghai Stock Exchange.

 

Shares of the Industrial and Commercial Bank of China closed at 3.85 yuan (49 US cents) in Shanghai yesterday, nearly 24 percent higher than its IPO price.

 

China has been encouraging its banks to introduce foreign strategic investors and go public to boost corporate governance and efficiency as competition intensifies with overseas financial companies.

 

Bank of Beijing was founded in 1996 as Beijing City Commercial Bank.

 

The bank was renamed last January, when it first revealed its plan to introduce foreign strategic investment and seek a public listing to support its expansion.

 

Dutch financial giant ING and International Finance Corp, the private equity arm of the World Bank, paid roughly US$225 million for nearly a quarter of Bank of China in early 2005.

 

According to the bank, its non-performing loan ratio dropped to below 4 percent in September from 4.08 percent in June.

 

The bank's capital adequacy ratio improved to 13 percent in September from 12.85 percent in June and 10.83 percent at the end of last year.

 

As of September, the bank's total assets stood at 257.8 billion yuan (US$32.63 billion) compared with 238.5 billion (US$30.2 billion) in June.

 

(China Daily December 8, 2006)