Mirae’s Wadle Says China Bank Shares `Close to a Bottom’: Video
June 9 (Bloomberg) — John Wadle, an analyst at Mirae Asset Management Ltd., talks with Bloomberg’s Rishaad Salamat about the outlook for China’s banking industry. Wadle, speaking in Hong Kong, also discusses Agricultural Bank of China Ltd.’s planned initial public offering. Agricultural Bank, the nation’s biggest lender by customers, plans to sell a 15 percent stake in an IPO in Shanghai and Hong Kong, according to a June 4 prospectus. The Beijing-based lender will price its shares at 2.5 yuan-2.6 yuan each, the 21st Century Business Herald said on May 7, citing unidentified people close to the underwriters.