Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
HSBC preparing for its Shanghai IPO
Adjust font size:

HSBC has hired China International Capital Corp (CICC) and Citic Securities Co to help arrange its initial public offering (IPO) in Shanghai, an HSBC source said on August 4.

The timing of the planned Shanghai IPO will depend on China's regulators, HSBC Asia Pacific Chairman Vincent Cheng told a radio station in Hong Kong. "We have been keeping close contact with the Chinese mainland."

According to Xinhua, HSBC hopes to raise between US$3 billion and US$5 billion in next year's IPO.

Sources suggest HSBC will launch the IPO in the second half of 2010.

"HSBC's Shanghai IPO will strengthen Shanghai's status as a financial center. It is good for China and mainland enterprises," said Vincent Cheng.

For more information, please consult the Chinese coverage here:

http://www.dfdaily.com/node2/node27/node260/userobject1ai182639.shtml

(China.org.cn by Li Xiaohua August 5, 2009)

 

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Chinese shot for HSBC
- HSBC Bank (China) Co Expands further in Bohai Rim
- BOC signs yuan trade settlement deal with HSBC, BOC (HK)
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?