www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

CHINA / National

BOC shares jump in Shanghai debut
(AP)
Updated: 2006-07-05 10:22

Bank of China stocks jumped 29 percent as they began trading Wednesday on the Shanghai Stock Exchange in the mainland's biggest initial public offering to date.

Regulators say they expect the IPO, which raised nearly 20 billion yuan (US$2.5 billion; euro2 billion), along with future listings by other major corporations, to help revive China's stock markets after years of sluggish trading.

Bank of China's shares began trading at 3.99 yuan (49 US cents; 40 euro cents), up 29 percent from its IPO price of 3.08 yuan (38 US cents; 31 euro cents). That was at the upper end of analysts' estimates.

In May, the bank, China's second-biggest lender, raised US$11.2 billion (euro8.8 billion) with a share offering in Hong Kong, the world's fourth-largest IPO ever.

Like other state-run commercial banks, it is seeking to replenish its capital after massive write-offs of bad debts, and to boost its competitiveness ahead of the full opening of China's banking industry to foreign competition later this year.

Shanghai's benchmark Composite Index has gained 9 percent in the past three weeks in anticipation of the bank's debut. It closed at 1,681.55 Tuesday, down 0.93 percent as investors sold to lock in profits, especially in bank shares.

Analysts said they expected a strong debut for the lender's shares to propel the Shanghai Composite Index past 1,700 on Wednesday.

"We expect Bank of China's A shares will have a gain of at least 15 percent to 20 percent from its IPO price; that may boost the Shanghai Composite Index by 50-70 points," said Wu Ang, an analyst at CITIC Securities.

China recently resumed IPOs after a yearlong break for shareholding reforms. The warm reception for those offerings suggests strong pent-up demand for new shares, analysts say.

The first company allowed to conduct an IPO after the moratorium was construction contractor CAMC Engineering Co., whose share price more than quadrupled to 31.97 yuan (US$4; euro3.12) on June 19, its first day of trading. On Tuesday, CAMC rose 1.82 percent to 17.95 yuan (US$2.24; euro1.75) on the Shenzhen Stock Exchange.

Last week, Shenzhen Coship Electronics Co.'s shares more than doubled from their IPO price and Yunnan Salt & Chemical Industry Co., the next in line, saw its shares gain 75 percent on the first day of trading.

Bank of China reported last week that its net profit rose 31 percent in 2005 over the year before to 27.5 billion yuan (US$3.4 billion; euro2.7 billion).

 
 

Related Stories
 
主站蜘蛛池模板: 亚洲人成网站色7799在线观看 | 手机看片免费基地你懂的 | 成人18网址在线观看 | 久久久久久亚洲精品不卡 | 女教师的一级毛片 | 色站综合| 国产精选莉莉私人影院 | 中文字幕有码在线观看 | 精品久久久久久中文字幕一区 | 美女免费在线视频 | 久久久久久久久a免费 | 日本三级香港三级人妇gg在线 | 男人天堂欧美 | a级黄色毛片免费播放视频 a级精品九九九大片免费看 | 欧美一级专区免费大片俄罗斯 | 在线观看成年视频 | 欧美性三级 | 在线亚洲日产一区二区 | 欧美 日韩 国产 在线 | 免费播放欧美毛片欧美aaaaa | 欧美一级人与动毛片免费播放 | 欧美日韩在线视频一区 | 日韩中文在线 | 怡红院在线a男人的天堂 | 亚洲日本高清 | 亚洲 欧美 都市 自拍 在线 | 96精品视频在线播放免费观看 | 欧美成人免费全部观看天天性色 | 加勒比日本 | 免费va国产高清不卡大片 | japanesehd国产在线无毒不卡 | 日本人一级毛片免费视频 | 中文字幕一区二区三区有限公司 | 欧美free性秘书xxxxhd | 白嫩美女直冒白浆 | 亚州视频在线 | 日韩美女毛片 | 国产免费久久 | 成人毛片免费 | 亚洲男女在线 | 国产精品亚洲高清一区二区 |