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Thu 07 Jul 2010Subdued debut for China's AgBank
Agricultural Bank of China's record $22 billion IPO made a lacklustre debut in Shanghai, underscoring the challenges ahead for China's markets as other big banks look to tap investors for billions of dollars.
AgBank's listing completes its transformation from technical insolvency to a sprawling giant with assets of close to $1.4 trillion as of March and a customer base of 320 million, larger than the population of the United States.
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