Liaoning bank gets HK listing
By Liu Ce(China Daily)
Updated: 2015-01-12
Shengjing Bank, based in Shenyang, the capital of Liaoning province, got listing on the Hong Kong Exchange, on Dec 29, with the initial public offering price of $HK7.56 ($0.97) per share and an initial market capitalization of about $H9.14 billion, putting it in first place among the four city commercial banks on the HK exchange. The other three listed on the HK exchange are the Chongqing Bank, Huishang Bank and Harbin Bank.
Shengjing is Northeast China's the largest commercial bank and deals in corporate and retail banking, with branches in 14 Chinese Cities including Beijing, Shanghai, Tianjin, and Changchun and net profit in the first half of 2014 of 2.51 billion yuan ($400 million), a 16 percent increase over the previous year's first half.
Edited by Roger Bradshaw