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Everbright may cut share sale

China Everbright Bank Co may cut the size of its Hong Kong share sale by half to about $3 billion as investors shun bank stocks, two people with knowledge of the matter said.

The Beijing-based lender plans to start trading in the city on Aug 18, said the people, who declined to be identified because they're not authorized to discuss the deal. The bank had aimed to raise about $6 billion from the sale of 10.5 billion shares, according to a term sheet sent to investors on June 14.