China Everbright Bank expects July listing in Hong Kong

China Everbright Bank Co. is expected to list at the Hong Kong Stock Exchange as early as mid-July.

The Beijing-based bank revealed that it has received regulatory approval for its plan to issue 12 billion overseas common stock from the China Securities Regulatory Commission.

The Shanghai-listed bank still awaited the final approval of the Hong Kong Stock Exchange.

China's commercial banks have been racing to replenish capital recently amid the nation's monetary tightening to check stubbornly high inflation.

The full story is available at xinhua.

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