Agricultural Bank IPO Raised More Than 150 Billion &Nbsp; A Shares Accounted For 60% Of H-Share, Accounting For 40%.

According to Hong Kong media reports, the Agricultural Bank of China, which is expected to be the world's "fundraising king", is reported to publish a pre disclosure document on the China Securities Regulatory Commission website today.

In addition, the Agricultural Bank of China will accept the hearing of the HKEx (388) next Thursday (ten), and the listing process will officially enter the final sprint stage.

Last year, net profit growth exceeded four internal banks.

Sources told this newspaper that the size of the bank's fund-raising ranged from one hundred and fifty billion to one hundred and seventy billion yuan (RMB. The same below), of which A shares accounted for 60%, about one hundred billion yuan, and H-shares about seventy billion yuan.

Early market rumors, A shares accounted for 1/3 of the total, but last night finalized the final version is A shares raising almost doubled to one hundred billion yuan, and the earlier ICBC (1398) listed H-share market dominated strategy is different.

According to sources, the net profit of ABC in two, nine was sixty-five billion yuan, an increase of more than Twenty-six percent compared with fifty-one billion and four hundred million yuan in the same period last year.

The four large Chinese banks listed in Hong Kong last year gained five point six percent to Twenty-six percent in profit growth.

It is reported that investment bank held an emergency meeting last night, the meeting pointed out that the profit growth of Agricultural Bank of China's ideal is one of its highlights.

However, "Dow Jones" disclosed yesterday that ABC reported a profit of fifty-two billion three hundred and seventy million yuan last year, which is quite different from the news obtained by this newspaper.

The Dow Jones quoted the news that after the successful listing of ABC, the dividend payout ratio will be thirty-five percent to fifty percent in the next two years.

Last year, the bank's net interest income dropped nine point two percent to one hundred and eighty-one billion six hundred and forty million yuan; at the end of last year, ABC's core capital adequacy ratio fell zero point three percentage points to seven point seven four percent; the non-performing loan ratio dropped to two point nine one percent; and the equity yield rose from Seventeen Point seven two percent in two eight to eighteen point nine six percent.

The two largest shareholder has been banned for three years.

The amount of capital raised by ABC is partly used to replenish capital and raise capital adequacy ratio, which will be used partly to upgrade overseas offices.

ABC currently has branches in Hongkong and Singapore, and has set up representative offices in New York, London, Tokyo, Frankfurt, Seoul and Sydney.

The two largest shareholder of ABC is China's Ministry of Finance and Central Huijin. After the listing, the two largest shareholders have a three year ban period, but they will get ten billion cash dividends in two nine.

In addition, according to the Xinhua news agency, the Agricultural Bank of China will sign a strategic cooperation agreement with the Rabobank of Holland later this month. Other sources pointed out that ABC's list of basic investors will gradually rise to the surface. New World Development (017) President Zheng Yutong will spend HK $three hundred million to subscribe to ABC shares, but no China Life (2628) and CIC are on the list.