GRC Bank taps HK for equity financing

The regional Chinese lender launches an initial public offering to raise $1.1 billion and looks set to become the third bank classed as a rural financial institution to list in Hong Kong.

Guangzhou Rural Commercial Bank (GRC Bank) is on course to become the third rural lender to list in Hong Kong after it launched an initial public offering on Monday to raise as much as HK$8.3 billion ($1.1 billion).

¬ Haymarket Media Limited. All rights reserved.

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