China Everbright Bank revives HK listing plan

Updated: 2011-11-03 14:44


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China Everbright Bank Co Ltd has revived its Hong Kong listing plan in a bid to meet capital requirements from changes in Chinese mainland monetary policy, the South China Morning Post reported on Thursday.

The Beijing-based mid-sized lender had yet to decide whether to list by the end of this year or in the first half of 2012, the newspaper said, citing a market source who asked not to be named. It gave no further details.

In August, a Hong Kong Chinese-language newspaper reported that China Everbright Bank would apply for an exemption to lower public shareholding below the required level as the lender sought to trim the size of its $6 billion public offering.