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Thread: China's Construction Bank landing on A share moarket!

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[quote=KEVIN0518,247861]Today China's Construction Bank went pulic at the Shanghai Stock Exchange. In the morning, its share rose about 33.64% to 8.62 yuan per share. CCB becomes the third stated owned listed commercial bank after ICBC ( Industrial and Commerical Bank) and BOC( Bank of China). What's more, the price of its share made CCB become the largest share on A share market.

Guo Shuqi, the chairman of the bank said that about 99 percent income comes from mainland. Listing on A share market can make CCB grow bettter and better. In its IPO, CCB has raised about 58 billion yuan (7.7 billion US dollars), which exceeds 46.6 billion yuan of the ICBC last year.

Before its listing, some analysts worried CCB's listing might bring negative impact on A share market. However, the result was encouraging. A shares did not drop but rose drastically. Meanwhile, some investors has been worrying the blue bubble (bubble in blue chips) for a long time. With CCB's landing on A share market, the bubble might be relieved.[/quote]

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