China Construction Bank listed on HKEx

Guo Shuqing (C) toasts with Charles Lee Yeh-Kwong (L) and Joseph Yam during the first day of shares listing of CCB on Hong Kong Exchanges and Clearing Limited (HKEx) Oct. 27, 2005.

China Construction Bank Corporation (CCB), a leading commercial bank in China, was listed on Hong Kong Exchanges and Clearing Limited (HKEx) on Thursday.

In its IPO, the bank raise 8 billion US dollars. It sold 26.48 billion H-shares through the global offer and 1.98 billion H- shares was offered to the public in Hong Kong for subscription, accounting for 7.5 percent of its global offer.

The CCB's public offer was the world's largest amount of fund collecting since 2001 and set a new record for the HKEx's fund raising.

The stock ended at 2.35 Hong Kong dollars, unchanged from its IPO price, after trading between 2.35 Hong Kong dollars and 2.375 Hong Kong dollars. It took up about 36 percent of the total trading volume.

Source: Xinhua