economy - China Construction Bank expects to collect 8 bn USD

IPO's by Chinese companies are still raising the temperature at international stock markets as the China Construction Bank (CCB) expects to collect USD 8 billion at the Hong Kong stock exchange, reports the International Herald Tribune. The bank is the first of four larger commercial state-owned Chinese banks that should help investors to get rid of their capital.
You must forgive me, but after writing for years that these banks have been technically bankrupt, I'm a bit clueless now. As an investment, it should be reasonably safe, since the central government has bailed out these banks every time when needed, although the expected USD 203 billion, according to the OECD needed on top of the already spent USD 283 billion, still sounds like a pretty high fee.
Telling is that the foreign banks who really know what they are doing, like Citibank and HSBC, have stayed away from those banks.