You are here

Postal Savings Bank of China sets in motion US$15b Hong Kong IPO

It could be looking for a simultaneous Hong Kong and China A share listing, though no final decision has been made, says a source

BT_20160120_KVPSBC20_2075368.jpg
PSBC is expected to fare better than others in the Chinese banking sector contending with sharp rises in bad debt as its "mom and pop" customers tend to be more diligent in repaying loans than corporations.

Hong Kong

POSTAL Savings Bank of China (PSBC) has invited investment banks to pitch for a Hong Kong initial public offering (IPO) worth up to US$15 billion, a person familiar with the matter said, setting the ball rolling for what is likely to be the world's biggest listing this year.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom