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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

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.