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China Everbright Bank Co is seeking more institutional buyers for its Hong Kong share sale after getting commitments for about one third of the offering from key investors, two people with knowledge of the deal said.
Asian currencies advanced to a 14-year high after European leaders pledged more aid for Greece, easing concern the debt crisis will worsen and bolstering demand for emerging-market assets.
China Everbright Bank Co is seeking more institutional buyers for its Hong Kong share sale after getting commitments for about one third of the offering from key investors.
Stocks on the Chinese mainland advanced, paring a weekly loss by the benchmark index, as a new aid plan for Greece eased concern Europe's debt crisis will spread.
Eurozone leaders have agreed on a massive rescue package for debt-stricken Greece, in the most determined effort yet to stabilize the euro and avoid default contagion to the zone's other debt-ridden nations
Fitch Ratings warns Chinese banks on asset quality risks for their relatively low viability ratings, the National Business Daily reported Friday.
Hong Kong stocks gained 457.51 points, or 2.08 percent, to close at 22,444.80 on Friday.
China's stock index futures closed mixed on Friday with the contract for August, the most actively traded, down 0.03 percent from the previous day to 3,075 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, climbed 8.63 points, or 0.94 percent, to 924 on Friday.
Chinese shares edged up on Friday, ending a losing streak for four consecutive days, to join a global rally after news of a second bailout package for debt-stricken Greece.
China's 12th Five-Year Plan (2011-2015) presents huge opportunities for Chinese and foreign investors, and UK-based RIT Capital Partners PLC plans to explore them, said Jacob Rothschild, RIT chairman.
Spring Airlines aims to raise more than $1.2 billion in an initial public offering in the first quarter of 2012 as China's sole budget carrier wants to double its fleet size in the next four years, its president said on Thursday.
