Agricultural Bank of China

China Money Rates Drop After AgriBank Share Subscriptions End

China Money Rates Drop After AgriBank Share Subscriptions End

The Agricultural Bank of China Ltd. IPO considered being the largest initial public offering in the world by the experts on pricing in Hong Kong and Shangai led to a reduction in the need for more capital resulting in a maximum fall in the money market rate in a week.

The seven-day repurchase rate fell down by 24 basis points to 2.46 percent claimed to be the maximum loss occurred ever since June 30 as per the National Interbank Funding Center’s report.

AgBank to Raise US$10 Bln-US$15 billion for IPO

AgBank to Raise US$10 Bln-US$15 billion for IPO

Agricultural Bank of China Ltd. is making efforts to raise money from its Hong Kong venture after it released it Shanghai and Hong Kong ventures to the public. The bank is trying to raise $10 to $15 billion from the public offering.

Dow Jones Newswires showed that the bank made over $28 billion prior to its dual listings. The bank kicked off its investor education process of its IPO to finish working on the biggest IPO since the four state run Chinese bank, Industrial & Commercial Bank of China Ltd. The bank scrambled over $22 billion in 2006.