Wednesday, December 15, 2010

Agricultural Bank of China's largest IPO market is facing a severe test.

<P Align=center> </ P> <P align=center> The picture shows a branch of the Agricultural Bank of China, Bank of the entrance to the Reuters Photo </ P> <P> as Shanghai and Hong Kong Stock Exchange price weakness and volatility, so that the first .second public offering (IPO) of the Agricultural Bank of China (AgricultureBankofChina, AgBank) risk reduction, have turned to cash-rich sovereign wealth funds in the Middle East to seek help. .</ P> <P> plans public offering in mid-July the Agricultural Bank of China conducted a road show last week (Roadshow). .It is hoped that 14% of all the shares sold, raising 23 billion U.S. dollars, including the Shanghai market of 110 million U.S. dollars and Hong Kong market of 120 million, more than 2006, ICBC's IPO size of 22 billion U.S. dollars. .</ P> <P> Agricultural Bank of China also plans to launch in Japan, not a public offering of stock to raise more funds. .China Mobile and China Construction Bank's initial public offering also includes the Japanese POWL share, or to attract Japanese investors and retail investors. .</ P> <P> However, the efforts of the Agricultural Bank of China has been questioned by investors, the market lukewarm. .Last week, Xinjiang Gold Wind and World Wide Web postponed an initial public offering in Hong Kong in time. .</ P> <P> In fact, China's large banks such as Bank of China Ltd., Industrial and Commercial Co., Ltd. (ICBC) in the stock exchange is not conducive to the Agricultural Bank of China plans. .</ P> <P> Agricultural Bank of China currently has 24,000 branches, employs more than 441,000 people, also has 1.4 trillion of assets, the customer 320 million. .Measured by the number from the customer, then the Agricultural Bank of China is China's largest bank. .</ P>.

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