Citing a person familiar with the situation, Dow Jones said the mid-sized bank was resurrecting a share float that bankers say was delayed, due in part to Agricultural Bank of China's mega listing earlier this month.

Everbright Bank's listing could be China's second-largest IPO this year after that of AgBank, the report said.

AgBank -- the last of China's Big Four state banks to list -- raised 19.23 billion US dollars in its initial public offering before its shares started trading in a dual listing in Hong Kong and Shanghai.

earlier related report
China's OK Air agrees to buy 10 Boeing planes
Beijing (AFP) July 22, 2010 - OK Air, China's first private airline, said Thursday it had signed an agreement to buy 10 Boeing 737-800 planes for more than 800 million dollars, as it expands its fleet to operate more routes.

The deal was signed at the Farnborough air show, which takes place this week in Britain, the airline said in a statement on its website.

"These 10 planes are expected to be delivered one after the other from 2014, after relevant government departments such as the Civil Aviation Administration give their authorisation," the company said.

OK Air, which became China's first private carrier in 2005, currently operates more than 20 passenger routes across the Asian nation.

China's air passenger traffic is expected to rise by 13 percent year-on-year in 2010 to 260 million passengers, while cargo volume will grow 12 percent to 4.98 million tonnes, according to official forecasts.

earlier related report
EU trade chief says China business concern rising
Shanghai (AFP) July 22, 2010 - European Union Trade Commissioner Karel De Gucht said Thursday European companies were increasingly worried about doing business in China, citing intellectual property protection as a major concern.

De Gucht said procurement policies in particular must become more open and transparent, and that Beijing's "indigenous innovation" policy must not freeze European firms out of the information technology and clean energy sectors.

"European companies are increasingly worried," De Gucht told reporters at a trade event at the European Union pavilion at Shanghai's World Expo.

"Most of it has to do with the protection of intellectual property because the core of our economy is of course intellectual property," he said.

The indigenous innovation policy forces European companies to register as Chinese companies to participate in the public procurement market and to bring their intellectual property "into the open", De Gucht said.

The EU is in talks with Beijing to improve conditions for European businesses, but De Gucht also said the bloc was working on measures to demand reciprocity in procurement markets.

"The idea is we could respond to a closing of procurement markets, which are very important, not only in China, but all over. We are facing more and more problems with respect to this and that's why we are working on tools to defend ourselves," he said.

Foreign business leaders are becoming increasingly vocal about what they see as unfair conditions set by Beijing.

German business leaders expressed their concerns about restrictions directly to Chinese Premier Wen Jiabao at a meeting last week during a visit by German Chancellor Angela Merkel, De Gucht confirmed.

The European Union was also looking at China's "Great Firewall" system of Internet censorship and its impact on European services in China, he said, adding it would be on the agenda at an economic summit expected in November.

"We are actively pursuing this with the Chinese authorities," he said.

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