Bank of Guizhou Files for IPO in Hong Kong

Caixin Global | Jun 12, 2019 at 5:57 AM
  • Chinese state-backed provincial lender Bank of Guizhou filed a draft prospectus for an initial public offering in Hong Kong, becoming the second mainland bank considering an H-share listing so far this year.
  • The Finance Department of Guizhou Province, Guizhou Moutai Winery Group Co., Gui’an New Development Investment Co., and Zunyi State-owned Assets Investment Management Ltd. are listed as the largest shareholders of the bank.
  • As a state-backed bank, Bank of Guizhou maintains continuous business relations with its largest government shareholder, the Finance Department of Guizhou Province.