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Mighty flotations switch leader podium placings

Following successful IPOs by ICBC and Bank of China in 2006, the two banks return to the gold and silver positions in this year’s listing. Terry Baker-Self reports.
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This issue sees the publication of The Banker’s second Top 100 banks in China listing following on from the expansion of our original Top 50 listing to a Top 100 last year. Information was obtained as part of The Banker’s annual Top 1000 World Banks survey augmented by additional research in the UK and in China.

Following on from very successful initial public offerings (IPOs) on the Hong Kong Exchange by Bank of China in May last year and ICBC (Industrial and Commercial Bank of China) in October, these two banks return to the top of this year’s listing in second and first places, respectively, having previously lost ground to China Construction Bank, following its IPO in 2005.

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