China Minsheng Bank will aim to raise up to $4.68bn through Hong Kong’s largest initial public offering this year in a move that should solidify China’s dominant position in the global IPO market.

The country’s first privately owned lender will on Monday embark on a long-delayed roadshow in preparation for what will also be the world’s fourth-largest IPO of 2009, if the shares are priced at the top end of a range of HK$8.50-HK$9.50.