Postal Savings Bank of China said investors had opted out of paying fo...
FILE PHOTO: A man walks out of a Postal Savings Bank of China branch in Beijing April 23, 2015. REUTERS/Kim Kyung-Hoon//File Photo
BEIJING - Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over problems in China’s banking system.PSBC, China’s biggest bank by number of branches, is seeking to raise up to 32.71 billion yuan with the share sale, which includes a greenshoe option of 15%.
Unlike other major IPO markets, in mainland China where IPOs and share sales are usually heavily subscribed to, investors are not required to pay before getting an allocation.Concerns about the health of China’s banking sector have grown this year after regulators seized control of Inner Mongolia-based Baoshang Bank in May, citing serious credit risks. That was followed by the rescue of four other regional lenders by state and local governments.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China says it is banning US military visits to Hong KongChina will ban US warships and military aircraft from making stops in Hong Kong in the wake of Washington passing legislation supporting the territory's pro-democracy protesters, the country's Foreign Ministry said Monday.
Lire la suite »
China to suspend US Navy visits to Hong Kong over new lawChina says it will suspend U.S. Navy visits to Hong Kong and sanction a range of pro-democracy groups in retaliation for Congress’ passage of legislation supporting human rights in the semi-autonomous territory.
Lire la suite »
China is rolling out facial recognition for all new mobile phone numbersCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Lire la suite »
Putin and Xi oversee launch of landmark Russian gas pipeline to ChinaRussian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monda...
Lire la suite »
Russia turns on the gas on mega pipeline to ChinaRussia switched on an enormous gas pipeline to China worth billions of dollars Monday, affirming increasingly close economic and political ties between the two countries.
Lire la suite »