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China Merchants Bank listed in HK

(Xinhua)
Updated: 2006-09-22 16:24

China Merchants Bank, the 6th largest lender in China, was listed in the Hong Kong stock exchange today, with its opening price at HK$10.9 (US$1.4), up 27.4 percent from its issuing price. The trading of the bank's shares were brisk, and in seven minutes after the opening, the price reached HK$11.14.

"The successful listing of our bank in the Hong Kong stock exchange is a milestone for our bank's development. Our target is to make the bank the most competitive and best one," said Qin Xiao, chairman of the bank, at the listing ceremony.