Morgan Stanley and China International Corporation, the investment bank, are set to share record fees of up to $160m (€133.3m) from the $8bn flotation of China Construction Bank, China's largest initial public offering and the world's biggest for four years.

According to the CCB prospectus, banks involved in the underwriting syndicate will share 2.5% of the total money raised, or $200m, people familiar with the situation said.