Bank of Shanghai plans to issue 1.2 bln shares -report

SHANGHAI May 31 (Reuters) - Bank of Shanghai, a city commercial bank based in China's financial hub, plans to issue up to 1.2 billion shares in an initial public offering, local media reported on Monday.

The bank has not yet submitted its listing application to the banking regulator, the China Business News said, meaning that the timing and many other details of the potential IPO are still uncertain.

Should its plans go through, Bank of Shanghai would join other city commercial banks, such as Bank of Beijing (601169.SS) and Bank of Nanjing (601009.SS), in going public. (Reporting by Fang Yan and Jason Subler; Editing by Ken Wills)