IN BRIEF (Page 14)

ABC Shanghai, HK float in July

Agricultural Bank of China (ABC), the country's last "Big Four" lender to get listed, is preparing for a share float in Shanghai and Hong Kong in July this year, sources with knowledge of the matter said.

The bank announced on Wednesday that it has authorized nine banks from within the country and abroad to arrange its initial public offering mandate, but did not officially give the timeline for the listing.