Chinese banks eyes $1 billion in share sale
(China) China Minsheng Banking Corp will choose Goldman Sachs, Deutsche Bank and Citigroup to promote its share sale overseas sometime next year.
The bank, which is China’s only private lender is aiming to list in New York or Hong Kong in the first half of 2004 and is hoping to raise $1 billion in the share sale.
The bank is another to make the most of a less regulated market since China’s entry into the World Trade Organisation two years ago.
The bank is another to make the most of a less regulated market since China’s entry into the World Trade Organisation two years ago.
Subscribe