No short-term listing plan

Bank of Communications has no plan to list shares in the mainland while limits on overseas investors remain, the bank’s president said. Zhang Jianguo, speaking at a financial forum, said the Hong Kong-listed bank did not intend to list A-shares in the near future, but would eventually. �From a long-term point of view, we have this intention,� said Zhang. �But in the near term we have no concrete plans.� Bocom does not wish to list A-shares under current conditions, as this course of action would dilute the shareholding of HSBC Holding, which owns almost 20% of the Chinese bank. Though Bocom has regulatory approval to list shares on the mainland, domestic offerings have been on hold since May while non-tradable share reforms proceed.