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Chinese Postal Savings Bank plans to hold the first public sale of shares

The State Postal Savings Bank, which has the largest network in China, plans to conduct the first public offering of shares (IPO) at the beginning of 2016, reports FT.

During the IPO, the bank can draw from 10 to 25 billion dollars. And if the placement takes place on the upper border, Postal Savings Bank will repeat last year's record of Alibaba.

Postal Savings Bank has 40 000 offices and 470 million retail customers, mainly in rural areas.

May 18: current information on coronavirus in the Far East
Digest of regional events and latest statistics