BEIJING, May 17 -- Agricultural Bank of China Vice President Yang Kun said the bank is gearing up to complete its bail-out this year.

    "It is likely for the bank to see the bail-out, restructuring and setting into the initial public offering procedure this year," Yang said yesterday in Shanghai on the 20-year ceremony of its Shanghai branch's foray into cities.

    The bank's President Xiang Junbo said earlier this month that the bank was ready for share reform.

    The Beijing-based bank is the last among the country's big four state-owned lenders to reform.

    China has spent about 500 billion U. S. dollars bailing out its biggest lenders over the past decade. The three largest - Industrial & Commercial Bank of China Ltd, Bank of China Ltd and China Construction Bank Corp - raised a combined 53 billion dollars b...

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