Wednesday, October 09, 2013
Chinese Banks Plan to be listed in Hong Kong
ANBOUND
Six Chinese Banks, including China Everbright Bank, Bank of Shanghai, China Guangfa Bank, Huishang Bank, Harbin Bank and Bank of Chongqing, plan to be listed in Hong Kong. The total public offering amounts to 130 billion Yuan. Although trying to be listed in Hong Kong is simple and convenient, its valuation will not be high and the public offering is also limited. Anbound's research team deems that Chinese banks should change their way of making profits by scale expansion.The development of bank industry can no longer rely on larger scales.