IN BRIEF (Page 14)
China Daily | Updated: 2007-04-04 06:45
BEIJING
Nod to CITIC
China's securities regulator has approved China CITIC Bank Co's application to launch an initial public offering of A shares. The official go-ahead will allow CITIC Bank to become the second Chinese company to list simultaneously in Hong Kong and Shanghai after the Industrial and Commercial Bank of China Ltd in October. The bank plans to issue 2.3 billion A shares and 4.95 billion H shares.
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