HSBC is reportedly aiming to be among the first few foreign companies to float their shares in China, as mainland authorities prepare to allow non-Chinese firms to list in Shanghai.

HSBC, which holds 19.01 percent of Shanghai-based Bank of Communications (BoCom), said earlier this week that it would subscribe to a BoCom rights issue in full for $921 million.

Talks to list HSBC shares in Shanghai first began in 2007, it added. The plan is for HSBC to issue Chinese depositary receipts (CDRs), the FT said.

HSBC, which holds 19.01 percent of Shanghai-based Bank of Communications (BoCom), said earlier this week that it would subscribe to a BoCom rights issue in full for $921 million. Print E-mail Related ...

The Shanghai stock exchange is courting HSBC and other high-profile foreign companies to list their shares in mainland China, as part of its strategy to revive the recently moribund bourse.

HSBC Holdings PLC’s long-awaited Shanghai stock listing will reportedly seek to raise $8 billion, well above previous forecasts for the banking giant’s mainland Chinese debut.

HSBC Holdings Plc <HSBA.L><0005.HK>, Europe's biggest bank, said it might have to wait before listing in Shanghai because of market conditions, a senior executive said on Tuesday, in a sign that ...

HSBC <HSBA.L> <0005.HK>, Europe's biggest bank, would be keen to have a share listing on the Shanghai stock exchange when regulations permit, a top executive said on Thursday.

GLOBAL bank HSBC Holdings said yesterday it was in talks to buy a minority stake in Bank of Shanghai, a move that would make it the first foreign ...

Oct 18 (Reuters) - HSBC is set to be the first foreign company to list its shares in China as part of a new stock exchange link between London and Shanghai, the Financial Times reported on Thursday.