---- Ein Kunde geht auf eine Filiale der Bank of China (BOC) in Rizhao Stadt, im Osten der Provinz Shandong, China, 24. März 2015. Die Bank of China Ltd.
--FILE--A customer walks towards a branch of Bank of China (BOC) in Rizhao city, east China's Shandong province, 24 March 2015. Bank of China Ltd's Hong Kong-listed unit has shortlisted at least four bidders, including New China Life Insurance Co, for the sale of Nanyang Commercial Bank valued at about $6.8 billion, people familiar with the matter said on Friday (29 May 2015). China Cinda Asset Management Co Ltd and unlisted Yue Xiu Group, which last year bought Hong Kong lender Chong Hing Bank, are among the other bidders, the people added. China Taiping Insurance Holdings Co Ltd has also progressed to the next round, one person said, though that could not be independently verified. BOC Hong Kong Holdings Ltd, which is controlled by Bank of China, the nation's No. 4 lender by assets, has put Nanyang Commercial Bank on the block as the two compete for the same business in mainland China, and the sale would end this anomaly. Nanyang has a book value of about $4.5 billion and it could be sold for about 1.5 times price-to-book (P/B), giving it a value of $6.8 billion.
