The Bank of Beijing is preparing to list on the A-share market on the Chinese mainland and H-share market of Hong Kong this year.

The Bank of Beijing plans to raise 1 billion U.S. dollars through simultaneous listing on the mainland and Hong Kong stock markets. The source did not provide further details about the listing.

Listing on the stock market is just one of the ways through which the bank could expand.  According to plan, the bank will explore private banking services and expand community banking services, to include both the general public and private banking service clients.

The Bank of Beijing boasted assets totaling 272.2 billion yuan (34 billion U.S. dollars) at the end of June last year. The rate of non-performing loans was 4.08 percent.

To date, nine of the country's city commercial banks, which number more than a hundred, have introduced foreign strategic investors. The Bank of Beijing is striving to become the first to list on the stock market. Other city commercial banks must introduce strategic investors before they can apply for listing.