If you missed the branded junk in Victoria harbour, you probably didn't miss the gigantic billboard in the heart of Hong Kong's financial district. The upcoming initial public offering of China Minsheng Banking, the country's eighth largest lender by assets, has been among the most garishly promoted. No surprise, then, that demand from retail investors ensured that it has banked HK$30bn (US$3.9bn) after selling 15 per cent at HK$9.08 a share – the largest haul by any local debutant this year.
如果你錯過了香港維多利亞港出名的垃圾,你或許沒有錯過香港金融區中心地帶的巨大廣告牌。在這裏,按資產計算爲中國第八大銀行的中國民生銀行(China Minsheng Banking)即將進行的首次公開發行(IPO),得到了最眩目的推介。難怪,散戶投資者的需求,已確保該銀行以每股9.08港元的價格出售15%股份,籌得300億元港元(39億美元),成爲香港今年最大的IPO。