Chinese banks are poised for a return to Hong Kong’s market for new listings after a protracted hiatus, with three mid-sized lenders planning to raise money in the coming weeks.
Bank of Chongqing is meeting investors this week to gauge demand for a $500m-$600m initial public offering with a view to beginning trading on November 6, according to a person with knowledge of the deal.
It would follow China Huirong Financial, which is due to raise about $100m this month, and Huishang Bank, which hopes to complete an IPO of more than $1bn in November.
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