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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
Published Tue, Jul 5, 2016 · 09:50 PM
Shanghai
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.
The Beijing-based lender, ubiquitous in small-town China, disclosed 953 billion yuan (S$193 billion) of interbank investments in "special purpose vehicles" in a prelisting document filed with Hong Kong's stock exchange on Monday.
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