The World's Largest IPO: As Simple As ABC?

The Agricultural Bank of China (ABC) is set to dual list on both the Hong Kong and Shanghai stock exchanges with the world's largest IPO on July 15. ABC's preliminary IPO prospectus is set to be published by the China Securities Regulatory Commission (CSRC) this week, providing a key measure of the lender's health as it attempts to raise as much as US$30bn against the backdrop of heightening risk aversion across the globe and a slowdown in Chinese growth (which BMI is predicting to begin during H210 and into 2011).

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