 The Hong Kong share sale proved extremely popular |
Bank of China, which recently floated on the Hong Kong stock market, is now looking to achieve the mainland's biggest-ever domestic float. The bank raised $9.7bn (�5.2bn) in its Hong Kong initial public offering, and could raise up to 20bn yuan ($2.5bn; �1.33bn) in mainland China.
China's second-largest lender has seen its Hong Kong stock rise 20%.
The bank said it would issue no more than 10 billion shares, with reports saying it could be as early as July.
China's principal foreign exchange bank said the timing of the sale and a Shanghai flotation would depend on market conditions and regulatory approval.
Application submitted
Combined with the cash raised from its Hong Kong flotation, the bank hopes to stay within its 20bn yuan cap on planned fundraising.
China recently began allowing domestic initial public offerings (IPOs) after a year-long block, and Bank of China's domestic listing would be the largest to date if it raises more than $1.5bn.
The firm said it had submitted an application with the China Securities Regulatory Commission (CSRC) for the go-ahead to proceed with a mainland share offering.
The ban on stock sales was introduced to reduce pressure on the market during reforms.
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