Bank of China on Wednesday braved volatile global stock markets to price its listing, the world?s largest in six years, near the top end of its price range, raising $9.73bn in Hong Kong.

BoC, which is floating 10.5 per cent of its enlarged share capital, priced its shares at HK$2.95 each, after attracting orders worth more than $150bn. Its pre-listing price range was HK$2.50-HK$3.