Bank of China A shares of the Audit Commission today Total offer price of 3.1 yuan listing.

<P> Industry that has been based on the current forecast of the maximum amount of financing by the Bank of China 200 billion estimate, there will be 400 billion to 6000 billion yuan of funds will be frozen. .But some analysts believe that the large-cap stocks like Bank of China issued the freezing of funds is likely to reach 600 billion to 10,000 billion. .</ P> <P> today, the Commission will formally review the Bank of China (3988.HK) A share listing. .If all goes well, then, the two cities of the first new heavyweight, the first A + H-share listed banks, and the first back to the A-share listed in the four state-owned banks, Bank of China one by one many records will be rewritten. .</ P> <P> some market participants that the Bank of China A share IPO price at 3.1 yuan is expected to issue shares of approximately 65 million shares or so, then freeze the funds will reach 6,000 billion yuan. .</ P> <P> A shares and H shares as the linkage is increasingly high, and BOC's H shares listed just released, so the issue price of A shares will mainly refer to those who believe that the issue price of the H shares .set. .Bank of China H shares of the original issue price of 2.95 Hong Kong dollars, the equivalent in 2006 (after release) 2.17 times book value. .Taking into account the recent Bank of China H shares there have been significant gains, wealth, Cao Haiyi securities that the Bank of China A share issue price after the release of positioning in the 2.1 to 2.3 times book value is more reasonable, that is 3.03 ~ 3.18 yuan. .</ P> <P> while some market participants on the issue price is expected to be higher. .CSC's Fujian Hua She believes that the net assets of the Bank of China in the late 2006's 1.6 yuan per share, according to the current shares of listed banks about 2 times book value and then slightly improve the calculation, there may be an issue price of 3.5 yuan, will not rule out more .high of 3.8 million. .</ P> <P> in accordance with the Bank of China to raise funds not exceeding 200 billion to calculation, if the Bank of China to issue the issue price of 3.1 yuan, the total size of new shares will be approximately 65 million shares. .</ P> <P> the Bank will release funds on the market impact of surface geometry is the focus of the market. .The industry believes that, based on current projections have been, in accordance with the Bank of China estimated 200 billion the maximum amount of financing, there will be 400 billion to 6000 billion yuan of funds will be frozen. .But some analysts believe that the large-cap stocks like Bank of China issued the freezing of funds is likely to reach 600 billion to 10,000 billion. .Shanghai Institute of certain brokerage, said the freezing of funds can not say more than one trillion yuan, but to reach 800 billion yuan should be the same. .</ P> <P> Bank of landing A-share market valuation of the banking sector will become the new leader. .H shares were issued from the line caused a general pursuit of foreign institutional investors, and the stock market the past week has been more an issue price of 2.95 Hong Kong dollar rose more than 20% of view, has shown the value of its future long-term growth market has been recognized. .</ P> <P> Bank H share price from the current valuation level, the equivalent of 2.6 times 2006 book value and price-earnings ratio is about 25 times the level of A shares are higher than the current valuation of listed banks .. .Thus, analysts generally believe that the Bank of China A-share market will be landing A-share market is currently the bank stocks have strong Bijiaxiaoying and improve the overall valuation of bank shares. .</ P> <P> In addition, some market participants that the Bank of China's huge advantages of scale and business networks is the A-share listed banks can not match, even though profit margins and management abilities of G Merchants Bank (600036.SH) ., Minsheng Bank (600016.SH) and other joint-stock banks have certain advantages, but the size advantage for the Bank of China will no doubt provide a good market competitiveness. .Therefore, do not rule out the proportion of allocation of funds according to industry funds and other institutional investors holdings of some of the existing holdings of listed banks Bank of China A shares instead. .(Nathalie) </ P>.