Executives at Agricultural Bank of China have assured investors the lender's shares will rise today when it begins trading in Shanghai following what is expected to be the world's largest-ever initial public offering.
Top executives at the bank and other Chinese financial officials have “guaranteed” investors the shares will rise today and in its Hong Kong debut tomorrow, according to people familiar with the matter.
The pledges came amid speculation large state-controlled investors have been pushed to support the IPO, something that has happened in past listings considered politically important by Beijing.
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