Minsheng Banking to delay HK IPO

China Minsheng Banking Corp probably will postpone its Hong Kong IPO until completion of the Bank of Communications offering this month, state media reported, citing the South China Morning Post. BoComm, China's fifth-largest lender, hopes to raise US$2.2bn for the sale and China Minsheng is seeking to raise US$800m, pricing its shares at a discount relative to BoComm's.