The Business Times
business-time-50
SUBSCRIBERS

China Postal Savings Bank close to stake sale

google-preferred-sourceAdd BT as a preferred source
Published Thu, Nov 12, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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 sources said was worth US$8 billion, indicates foreign demand for Chinese financial stocks remains resilient even as the economy slows.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    At MHA, Pang led the ministry’s efforts to deal with security threats such as foreign interference and scams, and its responses in critical and sensitive operations. 

    Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire

    Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

    Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More