Bank of Shanghai plans Shanghai and Hong Kong IPO 

Bank of Shanghai, a commercial lender in the mainland’s wealthiest city, is planning a dual listing in Shanghai and Hong Kong. The deal will be an important test for investor appetite in China’s smaller banks, which often act like the finance arm of local governments and play an important role in the local economy.

If successful, Bank of Shanghai will be the fourth city lender in China to list. There are currently three banks Bank of Beijing, Bank of Nanjing and Bank of Ningbo quoted on the A-share market.

Bank of Beijing and its Nanjing peer listed in Shanghai through a $2 billion and a $915...