China International Capital Corp (CICC), the country's top domestic investment bank, has filed for an initial public offering in Hong Kong that could be worth up to $1 billion, people with direct knowledge of the plans said. The filing sets the ball rolling for a flotation expected to take place as early as September, Thomson Reuters publication IFR reported.
A Beijing-based spokeswoman for CICC declined to comment. CICC itself and ABC International are leading the offering. The company has as its majority shareholder Central Huijin Investment Ltd, a unit of China's $747 billion sovereign wealth fund...............................................Full Article: Source
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