BoC to list next year

The Bank of China is planning to sell 20% of its stake in an initial public offering planned for early next year, The Standard of Hong Kong reported, quoting the bank's president Li Lihui. BoC could offer its shares in up to two markets, as it continues to weigh the Hong Kong, New York, London and Mainland exchanges, Li told reporters in Seoul on the sidelines of a seminar. The planned IPO would be separate from another stake sale of up to 25% slated for foreign strategic investors, Li said.