China Pacific to list in Shanghai on Tuesday

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SHANGHAI, Dec 24 (Reuters) - China Pacific Insurance (Group) Co (CPIC), which raised $4.1 billion in the country's sixth-largest initial public equity offer this month, will list on the Shanghai Stock Exchange on Tuesday, it said on Monday.

The country's third-biggest life insurer raised 30 billion yuan ($4.1 billion) in its Shanghai IPO by selling 1 billion local-currency A shares (601601.SS: Quote, Profile, Research, Stock Buzz), or 13 percent of its expanded capital, to boost its capital base.

The IPO drew nearly 3 trillion yuan in subscriptions from retail and institutional investors, close to the 3.38 trillion yuan attracted by China Railway Group's (0390.HK: Quote, Profile, Research, Stock Buzz)(601390.SS: Quote, Profile, Research, Stock Buzz) Shanghai IPO last month, which was a record for a domestic Chinese equity offer.

CPIC has said it would also seek to issue 900 million H shares for a Hong Kong listing after the A-share issue, though it has yet to announce a timetable for the H-share offer. (US$1=7.37 Yuan) (Reporting by Lu Jianxin; Editing by Valerie Lee)