Friday May 29, 2020

Chinese banking giant eyes multibillion IPO

3rd July, 2016
The Postal Savings Bank of China

Chinese state-owned bank Postal Savings Bank of China (PSBC) is understood to be considering a Hong Kong initial public offering in a bid to raise up to $10 billion.

“The bank, which has the most branches of any Chinese lender, aims to list as early as September... an $8 billion IPO would be the largest since e-commerce billionaire Jack Ma’s Alibaba priced its $25 billion New York share sale in September 2014.”


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