Hankou Bank looking for foreign investors

WUHAN: Hankou Bank, which was launched yesterday after the restructuring of city lender Wuhan Commercial Bank, said it plans to introduce foreign strategic investors and go public.

The bank aims to attract one to two foreign lenders as strategic investors to get more capital and improve its equity structure, it said. Sources from the bank said it is in talks with several foreign banking groups.

Hankou Bank plans to achieve a stock listing within the next three to five years, sources told China Daily, without elaborating.