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China Postal Savings Bank close to stake sale

Owned by the state-run China Post Group Corp, PSBC's total assets stand at 6.8 trillion yuan at the end of September.

Hong Kong

STATE-OWNED Postal Savings Bank of China (PSBC) is expected to soon close the sale of a 15 per cent stake mainly to foreign investors ahead of a planned up to US$20 billion IPO in Hong Kong in 2016, people with knowledge of the matter said.

The stake sale, which the