Huishang Bank to IPO in Hong Kong this week

Will become second mainland bank to IPO in HK.

Sources said China’s Huishang Bank could raise up to $1.3 billion from the IPO. The offer is expected to be priced on November 6.

Chinese banks such as Huishang intend to raise some $11 billion through Hong Kong IPOs from now until the first half of 2014,

Huishang started meeting with investors about its deal on October 21. Huishang Bank could not immediately be reached for a comment.

Several small- and medium-sized Chinese banks have sought IPOs in Hong Kong after waiting several years for approval from the securities regulator in China.