China State Construction to list Weds -paper

SHANGHAI, July 27 (Reuters) - China State Construction Engineering Corp (CSCEC), which last week raised 50.2 billion yuan ($7.3 billion) in the world's largest IPO so far this year, will list its shares in Shanghai on Wednesday, the official Shanghai Securities News reported on Monday.

The paper gave no source for the information. It also said major institutions expected the share price to move mainly around 5 to 6 yuan on the first day of trade, compared with the IPO price of 4.18 yuan, for a gain of about 20 to 40 percent.

The listing would follow closely on the heels of Sichuan Expressway Co's (0107.HK) debut on Monday, the first new listing on the Shanghai Stock Exchange since last August. [ID:nSHA32720]

China State Construction's IPO had priced at the top of an indicated range, as the country's equity markets draw strong investor interest with the benchmark Shanghai Composite Index .SSEC up 85 percent this year. [ID:nSP78520] ($1=6.8310 Yuan) (Reporting by Edmund Klamann;Editing by Dhara Ranasinghe)