BEIJING, Jan 5 (Reuters) - Agricultural Bank of China [ABC.UL] plans to raise up to 150 billion yuan ($22.0 billion) in an initial public offering as early as April, China Daily reported on Tuesday, citing unidentified sources.
AgBank, the only big state lender that has yet to float shares, is aiming for dual listings in Hong Kong and Shanghai, the paper said.
The English-language newspaper added that AgBank had failed to forge strategic partnerships with any domestic or foreign financial institutions, but repeated previous reports that the state pension fund might invest about 20 billion yuan in the bank. (Reporting by Simon Rabinovitch and Aileen Wang; Editing by Jonathan Hopfner)