Bank of China, which last month completed the world's largest initial public offering in nine years, is set to break another record with a Rmb20bn (€1.98bn) share sale in Shanghai. It will be the largest domestic offering in Chinese market history.

The bank, China's second largest lender, will sell 6.5 billion Shanghai-listed shares to investors at a price of Rmb3.08, a 12% discount to the bank's Hong Kong share price.