China Merchants Bank Busy at Work for IPO

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Monday, April 09, 2001, updated at 15:20(GMT+8)

Business

China Merchants Bank Busy at Work for IPO

Ma Weihua, president of China Merchants Bank told in an interview with the People's Daily that the bank is engaged in preparation for an initial public offering and has invited China International Capital Corp as adviser and KPMG Hong Kong as auditor. All preparations will be completed by June 30.

Ma said that China Merchants Bank's capital adequacy ratio will be raised, greater business transparency will be achieved and management will be further strengthened through listing and that it will also contribute to a raise of the bank's repute. Ma said that going public is more important for the bank to upgrade its management level than a mere effort seeking for funds.

By PD Online staff member Li Yan



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	Ma Weihua, president of China Merchants Bank told that the bank is engaged in preparation for an initial public offering and has invited China International Capital Corp as adviser and KPMG Hong Kong as auditor. All preparations will be completed by June 30.




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