Guangzhou Rural Bank seeks HK stock exchange approval for $1b IPO

Guangzhou Rural Bank seeks HK stock exchange approval for $1b IPO

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

Guangzhou Rural Commercial Bank Co. plans to seek approval from the Hong Kong stock exchange this week for an initial public offering, according to people with knowledge of the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter