BOC, ICBC may make A, H share rights issue

Banks still in talks with Central Huijin on details of fund-raising plans

BEIJING - Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC), the country's first- and third-largest lenders by market value, may be considering tweaking their fund-raising plans by offering A- and H-share rights issues instead of convertible bonds in Shanghai, according to sources familiar with the matter on Friday.

Previously, there were rumors in the Chinese-language press about the would-be change, but these revealed few details.