Standard Chartered, the UK listed bank, is pushing ahead with its dual listing on the Hong Kong stock exchange, offering up to £393m (€621m) worth of shares, after a year of delays.

The bank, which has a strong presence in emerging markets, particularly in the Asia Pacific region, postponed its original offering, scheduled for October 2001, because of market volatility following the events of September 11. The offering, of up to 5% of the total issued share capital of the firm, is double the $300m (€305m) offering Standard Chartered was looking for last year.