Bank of East Asia hopes HK banks to join BJ financing plan

David Li Kwok Po, chairman of Bank of East Asia (0023), reiterated that the bank hoped to be listed in China mainland in the way of issuing CDR, but as the relevant regulations of China mainland were still obscure, the bank might reorganize the structure of the bank and list in China mainland in the form of A shares or B shares, but the specific listing plan could be carried out only after the state promulgated the regulations over foreign-funded banks listing in China mainland. Furthermore, as Beijing obtained the honor of hosting Olympic Games and RMB 100 bln were needed to invest in infrastructure, Bank of East Asia hoped the banks in Hong Kong could take part in the financing plan of Beijing.

Related stock : (23)