China’s Postal Bank said to seek approval for $8b IPO

China’s Postal Bank said to seek approval for $8b IPO

People walk past a sign outside a branch of Postal Savings Bank of China (PSBC) in downtown Beijing, China, November 12, 2015. REUTERS/Kim Kyung-Hoon/File Photo

Postal Savings Bank of China Co., moving closer to the world’s biggest share sale this year, will seek listing approval this week for a Hong Kong initial public offering that could raise about $8 billion, people with knowledge of the matter said.

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