Thu, July 15, 2010
Business > Markets

Milestones on ABC's listing path

2010-07-15 06:18:04 GMT2010-07-15 14:18:04 (Beijing Time)  China Daily


Milestones on ABC's listing path


May 4, 2010 ABC presents its listing request to stock exchanges in Shanghai and Hong Kong.
April 14, 2010 ABC decides on nine investment banks to help with its dual listing in Shanghai and Hong Kong.
April 7, 2010 ABC launches its IPO program, and 21 underwriters report their proposals to ABC.
Feb 2, 2009 Premier Wen says the government will invest 200 billion yuan in ABC to support its asset restructuring, which is needed for listing.
Jan 16, 2009 The Agricultural Bank of China Ltd is incorporated in Beijing, with a registered capital of 260 billion yuan.
Nov 6, 2008 The Central Huijin Corp invests dollars worth 130 billion yuan for a 50 percent stake in the bank.
Oct 22, 2008 The State Council, China's Cabinet, approves ABC's restructuring and incorporation plans.
January 2007 The National Financial Work Conference decides that ABC will float its shares at the appropriate time.
2004 ABC presents its first proposal on ownership restructuring.
1999 ABC and three other major State-owned banks spin off 1.4 trillion-yuan non-performing assets.

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