--FILE--piétons et véhicules passent par une succursale de banque - Shenyang à Shanghai, Chine, 6 novembre 2011. Une banque chinoise que le vendredi (19 Décembre
--FILE--Vehicles and pedestrians pass by a branch of Shengjing Bank in Shanghai, China, 6 November 2011. A Chinese bank that on Friday (19 December 2014) raised more than $1 billion in a Hong Kong initial public offering sheds some light on the strains mounting in China¯s creaky financial system. According to a person familiar with the situation, Liaoning-based Shengjing Bank Co. sold 1.38 billion shares at 7.56 Hong Kong dollars each, raising about HK$10.4 billion (US$1.34 billion). The price was near the bottom of the range set earlier by underwriters. Shengjing didn¯t immediately respond to a request for comment. In its prospectus, Shengjing Bank describes how it has profited in part from a tighter supply of cash in China¯s financial system. That tightened liquidity is a result of Beijing¯s efforts to address worries about growing debt and to rein in China¯s lending excesses of the past. Shengjing has been taking advantage of the periods of tighter liquidity, with the bank lending almost as much to other banks as it does to companies and individuals. As of June 30, the most recent data available, Shengjing had almost 135.5 billion yuan worth of funds that it has deposited withªthat is, loaned toªother financial institutions, up 81% from the end of last year. By contrast, loans to customersªmeaning companies and individualsªrose only 11% over the same period to 145.5 billion yuan.
