Zhongyuan Bank HKSE IPO

Overview:

• Zhongyuan Bank—the largest city commercial bank in China's Henan province—has undertaken a $1 billion global offering and listing of H-shares on the HKSE.
• It was the second-largest IPO and listing on the HKSE in 2017 so far.
• The bank intends to use the net proceeds from the offering to strengthen its capital base to support the ongoing growth of its business
• The global offering consisted of a Rule 144A offering in the United States, a Regulation S offering outside the United States and a public offering and listing in Hong Kong. 

Adam Majeed - Asia editor