POSTAL SAVINGS BANK OF CHINA LOOKS BEYOND ITS BORDERS

摘要

Postal Savings Bank of China (PSBC) stands out for having a ubiquitous presence in the most populous country in the world. It has an outlet in every Chinese city and a clientele of 500 million people, almost one-third of China's 1.37 billion population. But in September, PSBC grabbed even more attention through its $7.4bn listing on the Hong Kong Stock Exchange - the largest initial public offering (IPO) in the world in the past two years since Chinese internet giant Alibaba raised $25bn in 2014. The IPO is partly a product of China's central bank and financial supervisory board pushing PSBC to diversify its investor base as the lender's growth has accelerated.