China Everbright Bank's board has approved the company's A-share listing plan, the 21st Century Business Herald reported.

The proposal is subject to a shareholder vote, the report said.

China Everbright Bank is expected to list soemtime in 2008, the newspaper quoted Tang Shuangning, the bank's chairman, as saying.

Earleir, Tang estimated the listing date at June or July, in an interview on the central bank-backed Financial News.

Tang has said the bank needs to dispose of non-performing assets, supplement working capital through bond issues and introduce strategic investors before listing.

China Everbright will reportedly seek a listing in Hong Kong after completing the A-share listing and is considering JP Morgan and Singapore's GIC as strategic investors.

In November, the bank's shareholders approved a 20 bln yuan capital injection by Central Huijin, a wholly-owned subsidiary of sovereign fund China Investment Corp, paving the way for the bank's restructuring and listing.