Cornerstones pledge $500m as Harbin readies IPO

Seven cornerstone investors have pledged $512 million as Harbin Bank becomes the latest in a long line of mainland Chinese financial institutions to seek a Hong Kong listing.

Bankers have successfully nailed down seven cornerstone investors for Harbin Bank, who have collectively agreed to allocate more than $500 million to the Chinese bank ahead of its planned $1 billion Hong Kong initial public offering.

¬ Haymarket Media Limited. All rights reserved.

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