Shibor spike is no deterrent to Huishang's $1.31bn IPO

Huishang Bank started meeting investors for its HK$10.1bn ($1.3bn) on October 29 despite a recent rise in China’s Shibor rate that has raised short term liquidity concerns for the country’s banking industry.

  • By Rev Hui
  • 29 Oct 2013


The Chinese lender is offering investors 2.61bn shares at a price of HK$3.47-HK$3.88, which translates to an estimated 2013 P/B ratio of 0.93-1.01 times.

Although the China Securities Regulatory Commission does not allow companies to sell H-shares at below book value, those valuations are based on estimation for ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.