China To Offer IPO Of Agricultural Bank China plans to sell stock in one of its largest banks. The Agricultural Bank of China has more customers than the entire U.S. population -- more than 300 million. Officials hope to raise more than $20 billion -- making this the largest IPO in history.
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China To Offer IPO Of Agricultural Bank

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China To Offer IPO Of Agricultural Bank

China To Offer IPO Of Agricultural Bank

China To Offer IPO Of Agricultural Bank

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  • Transcript

China plans to sell stock in one of its largest banks. The Agricultural Bank of China has more customers than the entire U.S. population — more than 300 million. Officials hope to raise more than $20 billion — making this the largest IPO in history.

MARY LOUISE KELLY, Host:

NPR's business news starts with a big Chinese stock offering.

(SOUNDBITE OF MUSIC)

LOUISE KELLY: This stock offering is also seen as a test of investor faith in China, because it's coming at a time when stock markets are falling and investors are jittery about the global economy.

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