You are here

China's postal savings bank raising US$7.25b via preferred shares

Hong Kong

POSTAL Savings Bank of China Co (PSBC) is raising US$7.25 billion through an issue of preferred shares to shore up its capital buffer and boost lending, becoming the latest Chinese bank to raise funds through the hybrid securities.

State-run PSBC's fundraising comes a...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to