Un uomo cinese sta in piedi di fronte ad una filiale della Banca di Cina (BOC) in Shenyang city, nordest Chinas Provincia di Liaoning, 3 maggio 2010. La Banca di chi
A Chinese man stands in front of a branch of Bank of China (BOC) in Shenyang city, northeast Chinas Liaoning Province, May 3, 2010. The Bank of China will launch a renminbi-denominated share sale on the Hong Kong stock exchange, AFP reported, citing the Apple Daily. The report said the banks Hong Kong-based investment arm, Bank of China Group Investment, is looking to raise US$349 million in an IPO, but did not say when. If true, Bank of China would become the first state-owned enterprise (SOE) to raise funds via a renminbi-denominated share sale outside the mainland, and its fund-raising in renminbi would be second only to Cheung Kongs planned share sale, recently given the green light by Chinas regulators. Many analysts see the steadily expanding scope of renminbi-denominated financial products in Hong Kong as evidence that Chinese regulators are taking steps to internationalize the countrys currency.
