AgBank Of China IPO Not As Easy As ABC

Reading about all of the angst and concern about the IPO of the Agricultural Bank of China, I am reminded that waiting for the hammer to fall can be worse than the blow itself. A lot of market-watchers have made this event into an be-all/end-all referendum on the state of China's market. The truth, though, is that the long-term impacts are all but certain to be far less earth-shaking. 

A Big Deal, But ...There is no doubt that the IPO of AgBank is a major event. This is the last major bank in China to go public, it is a very significant lender in the country (particularly in rural areas), and the performance of the stock is going to tell us all something about the appetite for Chinese shares. It is also true that you do not see a $23 billion IPO very often. (For more, see IPO Basics Tutorial.)

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http://stocks.investopedia.com/stock-analysis/2010/AgBank-Of-China-IPO-Not-As-Easy-As-ABC-CHL-BIDU-PTR-YGE-GS-MS-ADM-FXI-EWH-XPP-FXP0630.aspx

This piece originally had China Mobile named as China Telecom. We'll be getting that fixed soon...