CITIC IPO options to be issued next week to review 2.3 billion A shares.

<P>: Http:// Communications, CITIC Bank's market vision may soon become a reality. .Yesterday, the Commission issued a notice that the issuance examination committee will be held next Monday the 34th year, made the trial work conference on CITIC Bank's A share issue for review. .Published under the same "CITIC Bank Corporation Limited IPO (A shares) Prospectus (draft report)", CITIC Bank is expected to issue 2.3 billion A shares, without considering the H shares over-allotment option issued under the circumstances ., representing the proportion of the total share capital after the release of 6%. .</ P> <P> prospectus also said that "in the A Share Issue, the Bank is being conducted outside the global public offering of H shares. Bank issued A shares and H shares are not mutually conditions of the global public offering." This .means that, if approved by regulatory authorities, CITIC Bank will be another one in Hong Kong and Shanghai-listed mainland companies. .</ P> <P> the same day, China CITIC Bank H share prospectus also HKEx website. .Listing under the CITIC Bank plans to raise capital, H shares of the global amount of 49 million shares issued. .The bank is expected to be granted to the International Underwriters 15% of the over-allotment option, the so-called "green shoe mechanism." .</ P> <P> an underwriter who yesterday on the "First Financial Daily" said that CITIC Bank's IPO proposal is passed at the trial in the hair, they immediately went to the United States, Japan and Singapore to start road show, " .Roadshow takes about two weeks or so. "he said. .</ P> <P> these people also revealed that, in accordance with the original plan, China CITIC Bank will be held April 26 in Shanghai and Hong Kong also listed, from the current situation may be delayed, but still will try to .for the "May Day" holiday to complete a series of public work. .One analyst said the financial sector, China CITIC Bank may like to catch a better market environment when released. .</ P> <P> disclosed in the prospectus, H share offering will be used in Hong Kong public offering and the International Offering a combination, and the specific circumstances of the issuing of the back between the two, while the A share issue will be taken to .Placing strategic investors, to the inquiry objects offline and online inquiry of funds placement issue a combination of subscription. .Meanwhile, A shares issued by the Hong Kong dollar and the price difference to adjust the RMB exchange rate, will be consistent with the H share offering price. .</ P> <P> In addition, the CITIC Group, CITIC Bank's major shareholders, as promised 36-month moratorium, and the sales limit CIFH committed to 1 year. .Including not transfer or entrust others to manage it has directly and indirectly held shares in CITIC Bank, CITIC Bank, CITIC Bank does not hold shares in its acquisition. .</ P> <P> the business of CITIC Bank has maintained a rapid growth rate. .CITIC Bank said, has been working to build and continuously improve the independent, comprehensive, vertical, professional risk management system, asset quality in recent years has been increasing. .At the institutional level, the Bank took the lead with all branches of industry concentration risk charge of delegate, the first limit on the total, branch president of the credit approval authority, an independent risk management system. .The bank's asset quality gradually improved, the poor rate of 6.3% in 2004 decreased to 2.5% last year. .Concerned about the types of loans accounted for 5.6% of 2004 decreased to 2.4% in 2006. .</ P> <P> As of December 31 last year, CITIC Bank's core capital adequacy ratio and capital adequacy ratio was 6.57% and 9.41%, the prospectus said the China CITIC Bank 2007 earnings forecast to total not less than 56.88 .billion yuan. .</ P>.