Chinese banks raise $2.6bn from record IPOs

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Chinese banks raise $2.6bn from record IPOs

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Beijing, China skyline at the central business district. | SeanPavonePhoto - Fotolia

A pair of Chinese regional lenders, China Zheshang Bank and Bank of Tianjin, have created a stir in the market, pricing the year’s two largest IPOs globally. The firms raised a combined HK$20.4bn ($2.6bn) and pushed Hong Kong’s stock exchange to the top spot for primary market volume so far in 2016.

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