China’s local commercial banks are eagerly looking for initial public offerings in either Hong Kong or mainland China to refill their coffers with fresh capital, as bad debt piles up following a period of rapid expansion.
A number of the country’s largest local commercial lenders are either queued up in the IPO pipeline or have already successfully tapped the equity market for funds like Bank of Qingdao and Bank of Jinzhou.
An estimated 10 city commercial banks are queuing in China's equity pipeline, waiting for regulatory approval from the China Securities Regulatory Commission to proceed with listings on the mainland. Among them is Bank of Shanghai,...
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