日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

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: 亚洲视频91| 久久久久久久久久免费视频 | 国产性xxxx高清 | 黄页网址在线观看 | 久久经典| 亚洲精选av| 日韩成人中文字幕 | 亚洲日本三级 | 亚洲三页 | 在线观看成人 | 青青草影视 | 久久不雅视频 | 99色婷婷 | 超碰免费在线观看 | 三级国产在线观看 | www一区二区三区 | 日韩午夜精品视频 | 欧美色图p | 肉色超薄丝袜脚交69xx | 北条麻妃青青久久 | 香蕉视频一直看一直爽 | 福利视频一区二区三区 | 特级大胆西西4444人体 | 亚洲综合国产精品 | 久久免费播放视频 | 在线看福利影 | 超碰99热| 毛片毛片毛片毛片毛片毛片毛片 | jizz在线免费观看 | 美丽姑娘在线观看免费 | 玖玖玖影院 | 亚洲一区欧美 | 成年人在线观看 | 国产成人精品123区免费视频 | 国产激情视频一区 | 一级片视频免费看 | 黄色免费在线观看网站 | 激情综合网站 | 国产女人高潮毛片 | 超碰不卡| 成年人毛片 |