Bank of China said it will offer 10 billion shares in Shanghai at between US$.38 and US$0.39, a 14% discount on the June 16 closing price of the bank's Hong Kong-traded shares. After its Shanghai offering, which follows a massively successful offering in Hong Kong, the bank could have raised some US$15 billion. Analysts see the Shanghai offering as a marker of Chinese-investor confidence and hunger for yuan-denominated shares after new listings were frozen for a year. China Galaxy Securities, Citic Securities and Guotai Junan Securities are advising the lender. The bank wants the capital to boost individual lending and fee income in the face of slower loan growth.