WUHAN Urban Commercial Bank, a small city bank in Central China, is in talks to bring in overseas strategic investors, Wuhan bank, set up in 1997 with registered capital of 568 million yuan (US$73.53 million), will consider a stock listing after bringing in foreign shareholders.Wuhan has never stopped dreaming of the day when it would once again become a financial center. The most recent proposal for a regional bank was submitted at the 5th meeting of the 9th plenum of the 2007 Hubei Political Committee, when top officials suggested that “a regional development bank can only be established in Wuhan.”
Previously, at the 2004 national meetings, the former Wuhan City Political Committee Chairman Liu Shan-bi submitted a proposal in his capacity as a national official, entitled: “A proposal to speed up the development of a regional financial center, regarding establishment in Wuhan of the Hankow Development Bank,”