Agricultural Bank of China is set to raise up to $22.1bn in the world's largest initial public offering, underscoring investors' faith in the prospects of the Chinese economy.
Agricultural Bank, the last of the China's big four state-owned banks to go public, has managed to complete its offering during a period in which global markets have tumbled and dozens of IPOs have been scrapped.
The success of the deal highlights that investors believe in the growth prospects of Chinese banks, even as their peers in the west are hobbled by bad loans in the wake of the financial crisis.
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