China's Zhongyuan Bank to launch $1.1b HK IPO on June 30

China's Zhongyuan Bank to launch $1.1b HK IPO on June 30

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Zhongyuan Bank Co Ltd, the largest city commercial bank in central China’s Henan province, is set to launch on June 30 an up to $1.1 billion Hong Kong initial public offering, IFR reported on Wednesday, citing people close to the deal.

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