Air China to list on London Stock Exchange
(Xinhua)
Updated: 2004-12-07 14:34

China's flag carrier Air China is to go public on the Hong Kong and London bourses on December 16, Clara Furse, Chief Executive of the London Stock Exchange, said on Monday.

The public offering of Air China is aimed at raising about one billion US dollars on the two stock markets, Furse said.

"We are delighted that Air China has chosen London for its listing outside of China. The London Stock Exchange offers ambitious Chinese companies access to the world's most international equity market combined with high regulatory and corporate governance standards," he said.

Air China is able to use a single prospectus for its listings in London and Hong Kong due to the similar regulatory environments in the two financial centers.

"Air China's ability to list in Hong Kong and London using a single prospectus offers a blueprint for other Chinese companies seeking to list overseas and raise international investment capital. We anticipate further companies following their lead," said Martin Graham, Director of Market Services of the London Stock Exchange.

China Southern Airlines and China Eastern Airlines, China's other two big airlines, have already been listed in Hong Kong.

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