Feb. 2, 2007 (China Knowledge) – The latest edition (Feb. 5) of the China Knowledge Financial Banking Weekly Report (http://www.chinaknowledge.com/Financial_Weekly/) on the Shanghai IPO of Industrial Bank is now available.

Industrial Bank, China’s 11th-biggest commercial bank, will be listing on the Shanghai Stock Exchange on Feb. 5, Monday. At a time when the bullish run of the Chinese and Hong Kong stock markets seem to be undergoing some correction and Chinese authorities are warning about a stock market bubble, CKF predicts a 50% to 70% surge of its shares, though we believe bank stocks in China are overvalued.

Get this report to find out the full details and analysis of Industrial Bank, and make an informed decision on whether to invest in this IPO!

Highlights of the Report:

• Industrial Bank is China’s 11th-biggest commercial bank. As of end June 2006, it had an asset of RMB 532.2 billion with 338 outlets scattered over China’s 31 cities.

• Like most joint-stock commercial banks, Industrial Bank’s business is highly concentrated on the big cities of the more affluent regions.

• From 2003 to 2006, Industrial Bank’s outstanding loans and deposits were growing at a compound rate of about 26%. In contrast, the national average growth of loans and deposits stood at 12% and 16.5%, respectively.

• Industrial Bank has relatively good quality assets. Its earnings growth is also better than bigger state-owned banks, although its fee-based business remains relatively undeveloped. With the assistance of Hang Seng Bank, its second-largest shareholder, we expect accelerated growth ahead.

• Compared to other listed banks, the IPO price of Industrial Bank is substantially lower measured by its end-2007 estimated book value. We expect the share debut of Industrial Bank to surge 50% to 70%.

For more information, get a copy of CKF’s Banking Weekly today at: http://www.chinaknowledge.com/Financial_Weekly/

About China Knowledge:

China Knowledge is a Singapore-based research and intelligence services company that focuses on businesses and financial markets in China. China Knowledge Press, a unit of China Knowledge, produces news stories that appear on its website, Bloomberg, ISI, Factiva and B2B website Alibaba.  Our financial reports and business guides on China are written and published in-house.