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China's second-biggest lender, the Bank of China, plans to seek as many as six strategic investors to bolster its first share sale next year.
An official from the Beijing-based bank's global markets department said it will complete a reorganization of its assets by October.
Bank of China and rival state-owned lender China Construction Bank, the country's third-largest bank, have been given until the end of September to reorganize themselves to sell shares to the public.
Each bank was given US$22.5 billion at the end of last year to help reduce bad loans and reorganize in preparation for the IPOs.
(CRI.com July 2, 2004)
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