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Credit Pacific Service Union By Randy Chen

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Credit First Service Union (AXcess News) Hong Kong - The Bank of China's (HK: 3988) IPO on theHong Kong Stock Exchange showed strong results Thursday as its shares closed up over 15 percent from their initial public offering price.

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Card Credit Mobile Service The Bank of China's chairman Xiao Gang said, "This listing is one of the largest and most successful Initial Public Offerings in the world. It represents international investors' confidence in China's long term economic prosperity, reform and open market."

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Card Credit Discover Service The Bank of China IPO was the largest public offering in the world in six years, raising 7.8 billion euros, a lot of the after-market buying today in Hong Kong came from foreign instutional buyers and some of China's own state-owned enterprises.

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Credit Public Service Union Shares of Bank of China closed at HK$3.40, gaining 15.3 percent from an offer price of HK$2.95.

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Card Credit Processing Service Even though Bank of China shares showed such a strong debut on the Hong Kong exchange, the market in general slumped with the benchmark Hang Seng Index closing down 1.3 percent. The China Enterprises Index, a leading gauge of Hong Kong-listed China shares,fell 2.7 percent.

Center Credit Service Union Bank of Chinais the second of China'sfour largestbanks to list on the Hong Kong Stock Exchange following China Construction Bank's (HK: 939) listing last year.

Card Credit Service Wireless Bank of China sold 10.5 percent of its shares in the IPO for $9.7 billion. Underwriters' overallotments will bring the total capitalization up by another 15 percent.

Credit Security Service Union The BOC's IPO is the the largest listing ever of any Chinese company on the HKSE. Last year's Construction Bank IPO raised $8 billion, making it the second-largest public float of shares in Hong Kong.

Credit Report Service Additional mainland banking IPOs this year include the estimated $12 billion offering this autumn of the Industrial & Commercial Bank, another of China's Big Four lenders, and a $2 billion listing by regional lender China Merchants Bank, expected this summer.

Blogspot Com Christian Industrial & Commercial Bank of China is revamping its corporate structure to improve its risk management before it floats shares in Hong Kong later this year.

Christian Counseling Credit The largest commercial lender on the Chinese mainland is expected to launch a US$12 billion initial public offering.

Credit Federal Service Union ICBC will add 10 new departments, including risk management, credit approval, asset and liability management, and cut seven other divisions, the lender said in a statement yesterday.

Credit Monitoring Service Speaking at a press conference Thursday, Bank of China Ltd. Chairman Xiao Gang pledged to improve the banks operations and increase shareholder return.

Credit Division Service The retail portion of the BOC IPO was 70 times oversubscribed, triggering a revision that raised that portion of the deal from 5% to 10% of the total.

Card Credit Online Service Bank of China Ltd. was also added to the FTSE Xinhua indices following its listing today.

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