Chinese bank to list in Hong Kong

China's seventh-largest bank, China Minsheng Banking Corp, is to list its shares on the Hong Kong market, raising about $4bn (£2.4bn), reports say.

A listing has already been cancelled twice in the past few years because of the volatile market conditions.

Final pricing is expected by 18 November with the market debut set to take place on 26 November.

Minsheng, which makes 70% of its income from corporate banking, is raising the money to bolster its capital ratios.

Gaming group Las Vegas Sands is also reported to be looking to raise about $3.35bn from listing its Macau business in Hong Kong.

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