Minsheng may delay HK listing, cites BoCom

Minsheng Banking Corp Ltd may delay listing its H-shares in Hong Kong after shareholders cited the Bank of Communications' relatively low IPO pricing and urged the bank to stick to its original higher offer, state media reported, quoting a bank official. The Shanghai-listed Minsheng bank is "waiting for the right time to complement its H-share listing due to the current market situation," a bank statement said. BoCom's lower pricing is putting pressure on Minsheng but BoCom is expected to launch its IPO this week and if it does well, then Minsheng, China's first privately controlled joint-stock bank, may be able to set its price somewhat higher.