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China postal bank's US$8b IPO comes with shadow banking risks

Analysts say investors would want to know more details at its future roadshows

NOT SO SLEEPY: The bank disclosed 953 billion yuan of interbank investments in "special purpose vehicles" in a prelisting document.


POSTAL Savings Bank of China Co, the company preparing for an initial public offering that may raise US$8 billion, has plunged into shadow-banking arrangements that could make investors question its reputation as sleepy and safe.

The Beijing-based lender, ubiquitous in