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Agricultural Bank of China (ABC) is set to raise up to 23.2 billion U.S. dollars in the world's largest listing, according to the price range the lender set for its shares.ABC said late Monday in a statement filed with the Shanghai Stock Exchange that burberry outlet sale had set the price range for the Shanghai portion of its initial public offering (IPO) at 2.52 to 2.68 yuan (0.37 to 0.39 dollars). The lender last week priced shares in the Hong Kong part of its IPO at 2.88 to 3.48 HK dollars (0.37 to 0.45 U.S. dollars).ABC said it would offer 22.23 billion A-shares in Shanghai and 25.41 billion H-shares in Hong Kong, excluding an over-allotment option, in the preliminary prospectus it submitted to the China Securities Regulatory Commission (CSRC).The pricing of the shares means ABC, the last of China's "big four" state-owned banks to float shares, would be able to raise up to 23.2 billion U.S. dollars, set to beat a record 21.9 billion U.S. dollars raised by Industrial & Commercial Bank of China in 2006.
The CSRC earlier this month approved ABC's IPO application for dual listing in Shanghai and Hong Kong, which is scheduled at mid-July. Ahead of the parliamentary elections, the Afghan government has comprehensively beefed up security to ensure peaceful environment for the voters to use their franchise, Deputy to the Interior Ministry Munir Mohammad Mangal said Friday."Since now, as we're talking, the Afghan National Police (ANP) forces have been deployed to all polling centers across the country and would spare no efforts in ensuring security for voters and electoral officers," Mangal told a news conference here.Afghanistan's second parliamentary elections since the collapse of Taliban regime in late 2001, is to be held burberry handbags amid tight security on Sept. 18.Calling on Afghans to participate in Saturday's polls, Mangal said ANP in coordination with the Afghan National Army, Afghan National Security Directorate personnel and NATO-led forces would provide Afghans the secure environment for voting process.However, Mangal confirmed that a candidate was kidnapped earlier in the day in country's eastern Laghman province, saying police is trying to find the candidate and arrest the culprits behind the kidnapping.He said that over 7,000 women including hundreds of female police officers had been tasked to body search of women voters on the election day to avoid any possible terrorist attacks.Police are seen in Kabul and other big cities to increase their patrols and are vigilant to tackle any untoward incidents.
Developing Asia's policymakers should implement macroeconomic and regulatory policies that would help sustain the region's recovery and enable their economies to become more responsive and resilient to future crises, Asian Development Bank (ADB) president Haruhiko Kuroda said Thursday.In his address to the "Impact of the Global Crisis on Asia - Lessons Learned, Policy Insights and Outlook", a regional forum attended by central bank governors, finance ministers, and officials from more than a dozen countries in developing Asia, Kuroda said that "as the recovery gathers burberry outlets momentum, we must have a clear understanding of the lessons that we have learned over the past two years and set the foundations for a more stable global financial system".Thursday's forum was the third and last in a series of forums organized by ADB to help find solutions to the crisis.
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