Bank of China, dragon already ¹!

Bank of China, the company of the Dragon has invested in ¹ of major mortgage subprime mortgages, saw its shares fall below the placement price. The whole room online success to Hong Kong, where à ¨ verified the accentuation of a descent in place for five months, which has wiped out 88 billion dollars of capitalization. This is the second Chinese bank to fall below the price of the IPO launched in Hong Kong, highlighting the fear, common among shareholders, the company may be forced to make further writedowns on its portfolio of $ 7.95 billion in securities linked the calculator subprime. The loss delel actions of 'à ¨ institute was established to 42% from November 1, sending up in smoke 10 billion capital gains at the expense of its major shareholders, led by Royal Bank of Scotland.
The shares traded in Shanghai lost 2.8 percent on Tuesday ¬ 4.92 yuan, the lowest since July. The listing à ¨ however, still above the 2.95 yuan set for the placement for the national market in 2006.

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