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| Shares in ICBC climb 15% on debut | Shares in ICBC climb 15% on debut |
| (4 days later) | |
| Shares in Industrial and Commercial Bank of China (ICBC) have risen 14.6% on its Hong Kong debut, following the world's biggest flotation. | Shares in Industrial and Commercial Bank of China (ICBC) have risen 14.6% on its Hong Kong debut, following the world's biggest flotation. |
| The share price closed at 3.52 Hong Kong dollars ($0.45; 23.9p) on Friday from its start price of HK$3.07. | The share price closed at 3.52 Hong Kong dollars ($0.45; 23.9p) on Friday from its start price of HK$3.07. |
| The bank, China's largest lender, raised as much as $21.9bn from its dual listing in Shanghai and Hong Kong. | The bank, China's largest lender, raised as much as $21.9bn from its dual listing in Shanghai and Hong Kong. |
| China's surging economy, which is set to grow by more than 10% this year, has created strong demand for bank shares. | China's surging economy, which is set to grow by more than 10% this year, has created strong demand for bank shares. |
| Shares were at one stage 18% above thier opening value. | Shares were at one stage 18% above thier opening value. |
| Four of China's banks have floated since last year, however, there are fears that banks have been overvalued, with questions raised over levels of bad debt. | Four of China's banks have floated since last year, however, there are fears that banks have been overvalued, with questions raised over levels of bad debt. |