ABC IPO: Timeline

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February 1979 The current incarnation of ABC is founded
1999 China’s troubled big-four banks spin off Rmb1.4 trillion of their non-performing assets into Asset Management Companies
October 27 2006 ICBC listed in world’s biggest ever IPO, A-shares and H-shares raising $21.9 billion
May 2008 Pan Gongsheng appointed vice-governor of ABC, having worked on ICBC listing
Jan 16 2009 ABC incorporated in Beijing with registered capital of Rmb260 billion, with a view to an IPO in the near future
April 2 2010 Good Friday – banks receive RFP calls from ABC management, and scramble to complete the pitch books over the weekend.

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