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| | Hong Kong Securities Market |
 | | The Hong Kong operations of the Bank of China were regrouped into Bank of China (Hong Kong) in 2001, and a 2002 flotation was successful, with the 90% institutional tranche being over-subscribed 4.3 times, and the 10% retail tranche being over-subscribed 24 times. |
 | | The China Construction Bank, another of the top four mainland banks, raised US$8bn last October, and BOC is expected to be followed by the Industrial & Commercial Bank of China in 2007. |
 | | The proposed flotation of Industrial and Commercial Bank of China, which promises to be the biggest-ever IPO, later this year, will not be affected by the new rules, since it is an 'H-share' issue, with ownership of the company remaining on the mainland. |
| www.lowtax.net /lowtax/html/hongkong/jhksec.html (4204 words) |
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