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The Agricultural Bank of China's public listing, marks the final step in reforming China's four state-owned banks. Some are concerned about the timing, with 9 other share offerings this week.
The listing of China's four state-owned banks began 5 years ago.
The Construction Bank of China was listed in Hong Kong in 2005, followed by Bank of China, and the Industrial and Commercial Bank of China.
That put pressure on the Agricultural Bank of China.
With China leading the global economic recovery, the opportunity for the bank's listing is gradually maturing.
In June, China's security management authority approved the banks listings.
Experts explain how funds collected from the stock market might be used.
Huang Xiangbin, Analyst of Cinda Securities said "It's supposed to supplement its capital at first. And then allocate parts of its funds for other usages in accordance with the prospectus. Basically, I believe it's repairing its balance sheet and growing its business."
Despite experts warning that the timing isn't perfect, the fate of the new listed shares are largely resting with the initial public offering.
Yin Guohong, Director of Dongxing Securities Research Institute said "The performance of the stock rests upon with its initial public offering prices. So if the price is reasonable, then it will be popular in the market."
Nine new share offerings will be issued this week. Experts estimate the new share issues will freeze over 1 trillion yuan in capital.
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