久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Specials

ABC heads for world's largest IPO

By Yu Hongyan and Song Jingli (chinadaily.com.cn)
Updated: 2010-05-28 11:21
Large Medium Small

Editor's note: Agricultural Bank of China, in which China's Ministry of Finance and Central Huijin each holds a 50 percent stake, is eyeing a $30 billion initial public offering (IPO) in 2010, which could be the biggest ever IPO in the world.
ABC heads for world's largest IPO
ABC likely to issue 51.4b shares in IPO

The Agricultural Bank of China (ABC) is likely to issue up to 51.4 billion shares in its much-awaited initial public offering (IPO), accounting for 16 percent of its total capitalization, a source close to the bank said on Tuesday.

The bank set the proportion of its new share sale at a range between 12 to 18 percent of its total capitalization and it might scale down the IPO size if the market conditions remain volatile, the source said.

The recent fluctuations in the domestic capital market have cast a shadow on the lender's offer price, which is yet to be decided amid investors' uncertainties about the overall economic outlook. Full story

ABC clears hearing in run-up to IPO
ABC heads for world's largest IPO

A worker unloads boxes outside an Agricultural Bank of China branch in Shanghai.[Kevin Lee/Bloomberg News]

Agricultural Bank of China (ABC) has cleared a preliminary hearing with the Chinese securities regulator in the run-up to its planned $30 billion IPO in Shanghai and Hong Kong.

The bank, whose initial public offering later this year is expected to be the largest of all time, went before the China Securities Regulatory Commission on May 25 in an unofficial review procedure. Full story

ABC may sell up to 53b shares in IPO

Agricultural Bank of China (ABC) is set to issue up to 53 billion A and H shares, including greenshoe, in its $30 billion IPO in Hong Kong and Shanghai, a local newspaper reported on May 24, citing market sources.

The proportion of A and H shares in the IPO has yet to be determined, Apple Daily said.

ABC, which plans to list in Hong Kong and Shanghai by July, forecast its earnings to be more than 80 billion yuan ($11.72 billion) for 2010, up about 30 percent from last year, the newspaper said. Full story

Pension fund gives ABC $2.2b pick-me-up

China's pension fund has invested 15 billion yuan ($2.2 billion) in the Agricultural Bank of China (ABC), ahead of the bank's $30 billion initial public offering (IPO), a fund official said. Full story

ABC may reduce its offering price amid investor jitters
ABC heads for world's largest IPO

A man outside an Agricultural Bank of China branch in Beijing. The bank plans to issue about 50 billion shares through a Shanghai and Hong Kong listing in July. [Provided to China Daily]

The Agricultural Bank of China (ABC) may be forced to lower the price of its massive initial public offering (IPO) after recent market volatility rattled investor confidence, analysts said.

The lender is aiming for a price-to-book (P/B) ratio, a widely watched measure of bank valuations, of around 2, which analysts said was "a bit overpriced" given the current poor market conditions.

"The shares may face the risk of falling below the IPO price if the lender goes with the planned P/B ratio because we expect that market sentiment will remain relatively weak in the months ahead," said Chen Xi, an analyst at First Capital Securities. Full story

ABC hires 9 banks for initial share sale

Agricultural Bank of China Ltd, the nation's third-largest lender by assets, hired nine banks to arrange first-time share sales in the Chinese mainland and Hong Kong in what may be the world's largest initial public offering.

The company picked China International Capital Corp (CICC), Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Macquarie Group Ltd and Morgan Stanley to arrange the Hong Kong portion, according to a statement on its website. CICC, Citic Securities Co, China Galaxy Securities Co and Guotai Junan Securities Co will manage the bank's yuan-denominated A-share offering. Agricultural Bank's own investment-banking unit will also help with the Hong Kong sale. Full story

ABC heads for world's largest IPO

May 4, 2010 ABC presents its listing request to stock exchanges in Shanghai and Hong Kong.
April 14, 2010 ABC decides on nine investment banks to help with its dual listing in Shanghai and Hong Kong.
April 7, 2010 ABC launches its IPO program, and 21 underwriters report their proposals to ABC.
Feb 2, 2009 Premier Wen says the government will invest 200 billion yuan in ABC to support its asset restructuring, which is needed for listing.
Jan 16, 2009 The Agricultural Bank of China Ltd is incorporated in Beijing, with a registered capital of 260 billion yuan.
Nov 6, 2008 The Central Huijin Corp invests dollars worth 130 billion yuan for a 50 percent stake in the bank.
Oct 22, 2008 The State Council, China's Cabinet, approves ABC's restructuring and incorporation plans.
January 2007 The National Financial Work Conference decides that ABC will float its shares at the appropriate time.
2004 ABC presents its first proposal on ownership restructuring.
1999 ABC and three other major State-owned banks spin off 1.4 trillion-yuan non-performing assets.
ABC heads for world's largest IPO

Founded in 1951, the Beijing-based bank operates branches throughout the Chinese mainland, in Hong Kong and Singapore.

Agricultural Bank of China is the nation's third-largest lender by assets. With the largest network across China, the ABC is able to provide financial services to over 350 million clients. Currently, ABC has 24,064 branches, sub-branches and outlets, 30,089 ATMs and banking relationships with 1,171 banks worldwide.

Management Team
ABC heads for world's largest IPO

Chairman Xiang Junbo

Once the vice governor of China's central bank, Xiang was appointed governor of ABC in June 2007, and became chairman of ABC in January 2009.

ABC heads for world's largest IPO

Governor Zhang Yun

Zhang, PhD in economics, was appointed as vice chairman and governor of the bank in 2009.

ABC heads for world's largest IPO

Vice Governor Pan Gongsheng

Pan was in charge of Industrial and Commercial Bank of China's listings in Shanghai and Hong Kong. He was appointed vice governor of ABC in May 2008.

Financial Highlights of ABC

Item\Year 2009 2008 2007 2006 2005
Total Assets (billion yuan)
-
7,014.35
5,305.51
5,343.94
Net Assets (billion yuan)
-
290.54
88.63
84
Net Profit (billion yuan)
65
51.47
43.79
5.81
Return on Equities
-
17.72%
N/A
-
-
Return on Assets
-
0.84%
0.88%
1.09%
-
Total Loans (billion yuan)
4,100
3,100.16
3,474.17
3,139.43
Total Deposits (billion yuan)
8,060
6,097.43
5,287.19
4,730.37
Balance of Non-Performing Loans (NPL) (billion yuan)
-
-
817.97
-
-
NPL Ratio
2.91%
4.32%
23.57%
23.43%
Provision Coverage Ratio
105.37%
63.53%
93.42%
5.05%
-
Capital Adequacy Ratio
10.07%
9.41%
N/A
-
-
Core Capital Adequacy Ratio
-
8.04%
N/A
-
-
ABC heads for world's largest IPO
Bank Major Shareholders Listing Date

Issue Price

Stock Code
Industrial and Commercial Bank of China

Central Huijin Investment Ltd

Ministry of Finance of PRC

HK Securities Clearing Company Nominees Limited

The Goldman Sachs Group, Inc

National Council for Social Security Fund

A share:
Oct 27, 2006

H share:
Oct 27, 2006

3.12 yuan

HK$3.07

601398

1398

Bank of China

Central Huijin Investment Ltd

Hong Kong Securities Clearing Company Nominees Limited

RBS China Investments S. à .r.l.

Fullerton Financial Holdings Pte Ltd

National Council for Social Security Fund

A share:
July 5, 2006

H share:
June 1, 2006

3.08 yuan

HK$2.95

601988

3988

China Construction Bank

Central Huijin Investment Ltd

Bank of America Corporation

HK Securities Clearing Company Nominees Limited

China Jianyin Investment Limited

Fullerton Financial Holdings Pte Ltd

A share: Sept 25, 2007

H share: Oct 27, 2005

6.45 yuan

HK$2.35

601939

0939

Bank of Communications

Ministry of Finance of PRC

HK Securities Clearing Company Nominees Limited

The Hongkong and Shanghai Banking Corporation Limited

Capital Airports Holding Company

State Grid Asset Management Company Limited

A share:
May 15, 2007

H share:
June 23,2005

7.90 yuan

HK$2.50

601328

3328

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    成人av在线播放网站| 在线观看精品一区| 国产精品美日韩| 色偷偷成人一区二区三区91 | 国产91丝袜在线观看| 国产精品欧美一级免费| 在线观看国产一区二区| 日本免费在线视频不卡一不卡二| 26uuu久久天堂性欧美| www.av精品| 亚洲第一福利一区| 欧美成人伊人久久综合网| 国产精品一区久久久久| 亚洲特黄一级片| 欧美一卡二卡三卡| 国产成人免费网站| 亚洲国产欧美在线| 2019国产精品| 色香蕉成人二区免费| 久久99精品视频| 国产精品高潮呻吟久久| 欧美日韩国产小视频| 久久国产免费看| 亚洲三级在线看| 日韩亚洲欧美成人一区| 成人av在线播放网址| 日韩电影免费在线看| 中文字幕精品一区二区精品绿巨人 | 日韩限制级电影在线观看| 成人在线综合网| 亚洲福利一二三区| 久久精品亚洲乱码伦伦中文| 91久久国产最好的精华液| 精品在线观看视频| 亚洲综合在线五月| 久久免费电影网| 在线观看亚洲专区| 国产激情偷乱视频一区二区三区| 亚洲高清免费在线| 国产区在线观看成人精品 | 亚洲精品乱码久久久久久 | 欧美成人video| 色欧美88888久久久久久影院| 精品一区二区免费视频| 一区二区三区免费看视频| 国产亚洲综合性久久久影院| 欧美男生操女生| av中文字幕一区| 精品一区二区三区日韩| 亚洲一区二区四区蜜桃| 国产精品久久久久久久久久免费看| 777xxx欧美| 色屁屁一区二区| 丁香六月综合激情| 久久国内精品自在自线400部| 一区二区不卡在线播放| 中文字幕欧美国产| 精品欧美乱码久久久久久1区2区| 精品视频全国免费看| 91在线国产福利| 国产一区激情在线| 美女任你摸久久 | 成人免费看视频| 久久福利资源站| 天堂成人免费av电影一区| 亚洲青青青在线视频| 国产人伦精品一区二区| 精品日本一线二线三线不卡| 欧美精品第1页| 在线影视一区二区三区| 成人国产视频在线观看| 国产一区啦啦啦在线观看| 免费成人av资源网| 午夜婷婷国产麻豆精品| 玉米视频成人免费看| 国产精品久久久久影院亚瑟 | 9191久久久久久久久久久| 在线一区二区三区做爰视频网站| 不卡电影免费在线播放一区| 国产馆精品极品| 狠狠色狠狠色综合系列| 麻豆精品一区二区三区| 男人的j进女人的j一区| 婷婷开心久久网| 亚洲成人av在线电影| 一区二区三区在线不卡| 亚洲私人影院在线观看| 一区在线中文字幕| 国产精品三级av| 欧美国产日韩一二三区| 国产清纯白嫩初高生在线观看91| 久久久久久99久久久精品网站| 精品国偷自产国产一区| 精品国产一区二区三区av性色| 欧美成人三级在线| 精品久久国产97色综合| 精品久久久久久久久久久院品网| 日韩视频一区二区| 精品欧美一区二区久久| 精品国产91洋老外米糕| www国产成人免费观看视频 深夜成人网| 日韩欧美国产小视频| 日韩免费电影一区| 日韩免费看网站| www亚洲一区| 国产人伦精品一区二区| 国产精品美女久久福利网站 | 亚洲小说欧美激情另类| 亚洲国产日韩精品| 天天操天天综合网| 日韩1区2区3区| 麻豆成人av在线| 国产一区二区三区免费观看| 国产成人综合在线观看| 波多野结衣在线一区| 色综合中文字幕国产| 一本高清dvd不卡在线观看| 在线视频国内自拍亚洲视频| 欧美三区免费完整视频在线观看| 91麻豆精品国产无毒不卡在线观看| 欧美一级二级三级乱码| 久久久午夜精品理论片中文字幕| 中文字幕av在线一区二区三区| 亚洲欧洲在线观看av| 亚洲精品第1页| 天堂成人免费av电影一区| 久久99热99| 成人一区二区视频| 一本高清dvd不卡在线观看| 欧美挠脚心视频网站| 精品国产乱码久久久久久久| 国产精品美女视频| 亚洲国产日韩综合久久精品| 麻豆免费看一区二区三区| 丁香亚洲综合激情啪啪综合| 91福利国产成人精品照片| 欧美一区二区三区的| 久久精品日产第一区二区三区高清版| 国产精品激情偷乱一区二区∴| 亚洲午夜电影在线观看| 激情欧美一区二区三区在线观看| av在线不卡电影| 欧美精品久久久久久久久老牛影院| 2021国产精品久久精品| 亚洲欧美日韩在线| 蜜臀精品久久久久久蜜臀| 成人免费av资源| 欧美日韩视频一区二区| 久久精品夜色噜噜亚洲a∨| 亚洲综合网站在线观看| 精品一区二区免费看| av男人天堂一区| 欧美一区二视频| 一色屋精品亚洲香蕉网站| 日本一不卡视频| av欧美精品.com| 日韩欧美在线1卡| 中文字幕中文字幕在线一区| 视频一区免费在线观看| 粗大黑人巨茎大战欧美成人| 欧美日韩国产小视频在线观看| 国产欧美在线观看一区| 五月天国产精品| 成人看片黄a免费看在线| 在线电影欧美成精品| 国产精品久久国产精麻豆99网站| 日本欧美韩国一区三区| 91丨国产丨九色丨pron| 精品伦理精品一区| 亚洲一线二线三线久久久| 国产成人亚洲综合a∨婷婷图片| 欧美日韩在线电影| 欧美国产精品一区二区三区| 天堂va蜜桃一区二区三区 | 欧美三级蜜桃2在线观看| 亚洲国产成人私人影院tom| 日韩av电影天堂| 91久久精品午夜一区二区| 久久九九99视频| 丝袜诱惑亚洲看片| 99精品在线观看视频| 久久亚洲二区三区| 日本一不卡视频| 在线亚洲人成电影网站色www| 欧美激情综合五月色丁香小说| 日韩精品一二区| 91成人在线精品| 国产精品久久久久久久久免费樱桃 | 91小视频免费看| 久久久久久久久久美女| 日韩高清不卡一区| 在线观看91精品国产入口| 国产精品美女www爽爽爽| 国产在线一区观看| 欧美性猛交一区二区三区精品| 中文天堂在线一区| 精品一区二区日韩| 555夜色666亚洲国产免| 亚洲综合在线免费观看| 91免费看视频|