PetroChina Shanghai IPO attracts record US$440 bil.

PetroChina, the country's largest oil and gas producer, has attracted a record 3.3 trillion yuan (US$440 billion) in orders for its Shanghai initial public offering, state media said Monday. Demand exceeded the previous record set by China's top coal company, Shenhua Energy, which drew 2.67 trillion yuan in a share offer last month, the China Securities Journal reported.

PetroChina, which has set an indicative price range of 15.00 to 16.70 yuan (US$2.00 to 2.22) each for up to four billion yuan-denominated A-shares, is scheduled to announce the IPO price on Tuesday.