16 Jul '11, 6am

CICC, HSBC, Credit Suisse to lead PICC listing-paper [Straits Times]

CICC, HSBC, Credit Suisse to lead PICC listing-paper [Straits Times]

State-owned People's Insurance Company of China Group (PICC), one of country's largest insurers, has chosen China International Capital Corporation (CICC), HSBC and Credit Suisse to lead a planned listing in Hong Kong and Shanghai, the South China Morning Post reported on Saturday. -- PHOTO: REUTERS HONG KONG - STATE-OWNED People's Insurance Company of China Group (PICC), one of country's largest insurers, has chosen China International Capital Corporation (CICC), HSBC and Credit Suisse to lead a planned listing in Hong Kong and Shanghai, the South China Morning Post reported on Saturday. The paper did not say how much the insurance company planned to raise. CICC confirmed the appointment and said the investment bank would act as lead manager, the paper said. HSBC and Credit Suisse declined comment, when contacted by Reuters on Saturday. CICC could not immediately be reach...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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