China Everbright Bank's H-share IPO plan has now gained regulatory support after it won shareholders' approval last month.
The mid-sized bank announced in February that the bank plans to issue no more than 12 billion shares in the Hong Kong market to replenish its core capital.
The bank's s vice president Lin Li revealed that the preparation for the Hong Kong listing has been going smoothly, and the H-share IPO is expected to be completed within this year,.
Headquartered in Beijing, China Everbright Bank made its debut in the Shanghai stock market in 2010, raising 18.9 billion yuan, or $2.87 billion U.S. dollars.
