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
Wed, Jul 06, 2016 - 5:50 AM
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.