China Everbright Bank Co's public float of 6.1 billion shares in Shanghai will not have drain liquidity from the bourses, analysts said on Friday.
China Everbright Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said.
China Everbright Bank will list on the Shanghai stock exchange on Aug 18, and will soon release its prospectus for an IPO slated to raise up to $2.9 billion.
China Everbright Bank plans to place out about half of its planned initial public offering to strategic investors, the official Securities Times reported on Saturday.
China Construction Bank Corp, the world's second-largest lender by market value, won shareholder approval for a plan to raise as much as 75 billion yuan ($11 billion) in a rights offer.
Industrial and Commercial Bank of China, the world's largest bank by market value, is sticking to its capital-raising plan, two sources close to the deal said on Friday.
Agricultural Bank of China Ltd (ABC) and Bank of Communications Co (BoCom) may raise less than estimated in share sales after a slump in stock markets, underscoring the challenges of replenishing capital depleted by record lending.
Bank of Communications (BoCom) has scaled back its fundraising plan to about 33.1 billion yuan ($4.85 billion), down from the original target of 40.2 billion yuan, the Shanghai Securities News reported Monday.
China Minsheng Banking Corp plans to sell 5.8 billion yuan ($849 million) of 10-year subordinated bonds with help from Haitong Securities Co, according to a statement posted on the Chinabond website.
China Minsheng Banking Corp said Saturday it had received regulatory approval to sell 5.8 billion yuan ($849 million) of subordinated bonds on the domestic interbank market to replenish its capital reserves.
Bank of China, the country's No 3 lender by assets, wants to issue convertible bonds as soon as it can, it said on Thursday, as part of a broader effort by Chinese banks to raise funds to replenish their coffers after a lending spree in 2009.
Bank of China Ltd, the nation's third-largest lender by market value, received approval from the securities regulator to sell as much as 40 billion yuan ($5.9 billion) of bonds convertible into stock. Plans to raise funds should stay, says Lee
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