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Shengjing aims big with $1bn HK IPO
China’s Shengjing Bank is looking to list in Hong Kong, in an IPO that could raise as much as $1bn, according to a banker.
The lender, based in Shenyang in northeast China, is set to file an application with the Hong Kong Stock Exchange in the next month or so. This means the IPO is unlikely to hit the market until the first half of 2015, added the banker.
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