Another mainland bank IPO’ing

China
China Merchants Bank
Investment, Regulatory & Government

(China) – Guangdong based commercial bank, China Merchants Bank, is looking at an initial public offering (IPO) this year.The Bank will be the first domestic bank approved to go public under China’s new bank listing regulations. The Bank’s president reportedly sees the IPO as beneficial in terms of off-loading non-performing assets and business development.

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