Postal savings bank of china is preparing to test if the public-equity markets will support a premium valuation at a time when concerns over mounting bad debts are weighing heavily on other Chinese lenders. PSBC filed an application to the Stock Exchange of Hong Kong on June 30 ahead of an IPO likely to be the world's biggest since Chinese e-commerce giant Alibaba Group went public in 2014. PSBC aims to raise about US$7bn-$10bn as early as September, depending on valuation and the size of the stake the lender is selling, according to sources close to the plans.
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