China Construction Bank drew a record 2.26 trillion yuan worth of subscriptions for its A-share offering in Shanghai, reflecting keen investor appetite for banking stocks. The record cash lockup beat Bank of Beijing's 1.9 trillion yuan last week. Investors bet that the stock would trade at a 40 per cent premium, or 9 yuan, on its debut next Tuesday. In a statement filed with the exchange yesterday, Construction Bank said its institutional tranche was oversubscribed 35 times and its retail portion, 40 times. The bank raised 58 billion yuan by pricing the shares at 6.45 yuan each, topping Industrial and Commercial Bank of China's 46.6 billion yuan offering last year. Meanwhile, China Oilfield Services said it set the price range for its 500 million A shares Shanghai listing at 12.88 yuan to 13.48 yuan each.