SHANGHAI/HONG KONG: State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday .
Everbright Group, JPMorgan, CICC and CITIC Securities did not respond to requests for comment. The three people declined to be identified as the information was not public. One of the people said a successful IPO would likely help Li, 60, climb further up the ranks of the Party.
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