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

China Minsheng Banking Corp is applying to set up a financial leasing company with the State Grid Corp of China and the Tianjin government, the bank's president said yesterday.

"We will control 51 percent of the firm, with the remaining 34 percent and 15 percent going to power grid and the Tianjin government respectively," Dong Wenbiao told reporters during a break in the annual session of the National Committee of the CPPCC.

The planned firm will be the first financial leasing company to be licensed in China since 2000 if it finally receives the green light from the regulator.

Market sources had earlier said Minsheng would make its debut in the Hong Kong bourse in the third quarter, raising HK$10 billion to HK$11.7 billion.

Dong added that the Hong Kong listing was aimed not primarily for money but for a platform to enter the international market. "And we will not rule out the possibility of overseas merger and acquisitions with the money raised from the Hong Kong listing."

The bank had submitted the listing plan to the Hong Kong bourse in May 2005 and passed the hearing in June. But due to the poor stock market situation at the time and the disputes on its pricing, the plan was shelved.

Liu Yonghao, chairman of Minsheng's largest shareholder, New Hope Group, urged the bank to float shares at the Hong Kong bourse as soon as possible after it raised over 18 billion yuan through a private placement.

"We took part in the placement and will increase our stake in the bank from the current 5.98 percent to 10 percent or even more," Liu said.

Minsheng bank sold 2 billion new shares at 9.08 yuan each, and the New Hope Group hoped to take over 400 million shares, Liu said, adding that his determination to increase the stake in Minsheng showed his optimism in the bank's prospect and China's financial sector.

The country's two top insurers, China Life and Ping An Insurance (Group) Co, were among the seven buyers, sources said. Temasek Holdings, a $65 billion Singapore government fund that owns 3.9 percent of Minsheng, failed to get any shares because of restrictions on foreign investment in private placements.

(For more biz stories, please visit Industry Updates)