China Minsheng plans HK listing

China Minsheng Banking Corporation, eighth-largest lender by assets and one of the few banks in the country with a majority of private shareholders, has announced new plans to to list on the Hong Kong Stock Exchange, the Wall Street Journal reported. The bank had planned an initial public offering in Hong Kong as early as 2004, but its plans were derailed after it admitted to faking shareholders' meetings that had expedited its Shanghai IPO in 2000. Minsheng, whose Shanghai shares have risen 23% so far this year, hopes that a Hong Kong debut, along with its record-breaking US$2.4 billion private A-share placement, will give it a strong capital base to use for further expansion on the mainland.