Shengjing Bank launches $1.4bn yearend IPO with 5 cornerstones

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Shengjing Bank launches $1.4bn yearend IPO with 5 cornerstones

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BEIJING - JUNE 11: Tienanmen Gate (The Gate of Heavenly Peace), the main entrance to Forbidden City June 11, 2012 in Beijing, China | air - Fotolia

Chinese lender Shengjing Bank has opened books on its up to HK$10.78bn ($1.39bn) IPO in Hong Kong with five cornerstone investors taking up half of the deal, which is slated to close a week before Christmas.

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