Financial News
Written by: Zhang Weilun
2020-06-04 14:53
Date of last update: 2020-06-04 14:53The new stock market is clearly booming. Following the second listing of Chinese stocks such as NetEase (9999) and other Hong Kong stock markets, mainland banks are planning to come to Hong Kong for listing. According to market sources, the Bohai Bank, which was owned by Standard Chartered Hong Kong in its early years, plans to conduct a listing hearing next Thursday. If it passes, it will raise US$2 billion (about 15.6 billion yuan).
The bank intends to use the funds raised to strengthen the capital base and support business growth.
The news also pointed out that CCB International, Haitong, Agricultural Bank of China and CITIC Lyon are joint sponsors.
In 2004, Bohai Bank obtained a 19.9% stake in Standard Chartered Hong Kong and became the second largest shareholder. Other shareholders include Tianjin TEDA and COSCO Group.
As of the end of September last year, the bank's total assets were 1.09 trillion yuan (RMB‧ the same below), net profit was 6.54 billion yuan, and the annual blockage was 15.9%.
In last year's "Bankers" "Global Bank 1000" ranking, Bohai Bank ranked 178, up 9 places from the previous year.
Standard Chartered Bohai Bank strengthens Belt and Road market business collaboration and promotes RMB internationalization
Bohai Bank applied to China Securities Regulatory Commission for listing in Hong Kong Standard Chartered Hong Kong as the second largest shareholder
Rumors that Bohai Bank has selected a lead bank for the listing plan next year
Standard Chartered