Abu Dhabi investment firm Nexus Capital has invested $100 million in the IPO of Chongqing Rural Commercial Bank, a Chinese lender, according to Reuters and Chinese papers.
Chongqing Bank was established in June 2008. Based in Chongqing, China's most populous city, it had 62,000 corporate and 17.5 million retail customers. The bank had $39 billion of assets as of June 30.
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More details from the China Knowledge follows