Hong Kong, Oct. 27 (Xinhua News Agency, reporters: Xie Dengke, Liu Shiping, Wang Yuexin) - At 10:00 a.m. October 27, China Construction Bank (CCB) was officially listed on the Hong Kong Exchanges and Clearing Limited (HKEX) with the stock name "Construction Bank" and the number "0939". Since CCB is the first Chinese state-owned commercial bank launching the IPO after the State Council decided to make shareholding reform in its wholly-owned commercial banks two years ago, the move has drawn wide attention from China and abroad. 

The par value of each share is one yuan and the offering price is HK$2.35 per H share, near the top of the indicated IPO price range HK$2.40. Upon the trading debut the “Construction Bank” shares are traded actively and drive a strong rise of HK Hang Seng Index.

Guo Shuqing, Chairman of CCB, said, “It’s encouraging that with great efforts CCB finally gets listed successfully. The keen interest of investors shows their full confidence in CCB and the Chinese banking industry. As the first of the four big Chinese state-owned commercial banks playing in the international capital market, we are confident that we will set a good example for our peers, realize sustainable development and create greater value for our shareholders.”

Immediately after the official road show of CCB in Hong Kong, global institutional investors show keen interest in this first Chinese share with “full convertibility”. CCB expands the IPO price range from HK$1.80 - 2.25 to HK$1.90 - 2.40. By the end of public subscription on October 19, the shares opened to the public in Hong Kong reported an oversubscription rate of 42 times while the oversubscription of international placement reached 9.2 times with a P/B ration of 1.96, making CCB’s IPO price the idealist among all Chinese state-owned companies listed in Hong Kong in recent years and reaching the P/B ratio of leading international banks. The fund raised by CCB’s IPO hits a record high in Hong Kong.

Guo notes that listing is not the end of shareholding reform but marks a new starting point. CCB will bravely cope with market pressure and take full responsibilities for its shareholders.