China bank gets IPO OK from HK bourse
(Dow Jones)
Updated: 2005-09-23 09:14

China Construction Bank, one of the Chinese mainland's four largest banks, has secured the approval of the Hong Kong stock exchange's listing committee to launch what will likely be Hong Kong's biggest initial public offering next month, reports The Standard.

The IPO could raise as much as US$6.5 billion and, if successful, clear the way for other sales by Chinese state lenders, the paper says.

Construction Bank is China's fourth-largest bank by assets.

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