Uruguay Properties

Investing in Uruguay

Find out what makes Uruguay a viable and attractive destination for foreign investment in real estate today.

More info

Living in Uruguay

Discover what makes Uruguay stand out in the region as a unique choice to live or vacation in.

More Info


Chinese biggest state-owned bank raises 22 billion in initial public offering.

Agricultural Bank of China raised a record 22.1 billion USD in its initial public offering (IPO) in July despite a lukewarm response when the shares first went on sale. The IPO is the last by China's four biggest state-owned banks.

Its total surpasses the 21.9 billion set by the Industrial and Commercial Bank of China in 2006.

The bank managed to raise the figure after exercising an over-allotment option for its Shanghai share sale.

Agricultural Bank of China failed to excite investors during the first day of trading because they were worried about whether the bank's management could transform it into a modern, profitable concern.

The bank is China's main lender to the rural community. Chinese investors are watching closely to see whether this latest news might help lift the beleaguered stock market in Shanghai.

The Shanghai bourse has lost about 25% of its value since the beginning of the year.

Concerns about slowing economic growth and problems overseas in key markets such as Europe, are said to be worrying investors. Agricultural Bank of China is the third-largest component on the main China index. (BBC).

Source: Merco Press - 17/08/10


Register

Receive the best real estate investment opportunities in Uruguay.

Empresa de servicios Turíticos e Inmobiliarios. Autorizada por el Ministerio de Turismo y Deportes Nº 1049

News

URUGUAY awaits arrivals of 18.000 inmigrants in 2018

Chancellery improved residence request service

Read more

Installation Costs

Cost of installing a company in Uruguay

Read more