Bank of China repeated the success of its Hong Kong listing in Shanghai this morning after shares opened nearly 30% above their issue price. The sale, China's largest, brings the total amount the bank has raised in the region to $13.7bn (€10.7bn) in little over a month.

The Shanghai stock exchange opened more than 4% up on the back of investor appetite for the bank's stock, reaching its highest level in more than two years, Bloomberg reports.