China Everbright Bank will list on the Shanghai stock exchange on Aug 18, and will soon release its prospectus for an IPO slated to raise up to $2.9 billion.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 1.52 percent, or 14.57 points, to close at 972.53 points in Wednesday's trading.
China's stock index futures closed higher Wednesday with the contract for August, the most actively traded, up 3.76 percent from the previous trading day to end at 2,887.4 points.
China's key stock index rose 2.26 percent on Wednesday to its highest close in two months after the central bank said economic growth would slow but there would be no double-dip in the economy, bolstering sentiment.
Tin, the best performing industrial metal this year, climbed to the highest level since the collapse of Lehman Brothers Holdings Inc in September 2008.
Hong Kong stocks gained 133.48 points, or 0.64 percent, to close at 20,973.39 on Tuesday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, fell 0.85 percent, or 8.19 points, to close at 957.97 points in Tuesday's trading.
China's stock index futures closed lower Tuesday with the contract for August, the most actively traded, down 0.57 percent from the previous trading day to end at 2,778 points.
Chinese shares snapped a six-day winning streak and closed 0.51 percent lower on Tuesday, with banking stocks dropping across the board.
China's stock market, the worst performer in Asia this year, is "near the bottom" and may rally as much as 14 percent as policy tightening concerns ease amid slowing economic growth, according to Citigroup Inc.