China Huarong Asset Management Co, the country's biggest bad-debt manager, could file for its Hong Kong IPO as soon as Tuesday, IFR reported citing sources familiar with the plans.
The IPO will take place in September, added IFR, a Thomson Reuters publication. The deal could reach as much as $3 billion.
A Huarong spokeswoman in Beijing declined to comment.
Huarong's deal would be the second IPO by one of China's so-called asset management companies, following on the footsteps of China Cinda Asset Management Co Ltd, which raised $2.8 billion in a Hong Kong listing in December 2013.
