China’s PSBC begins trading in Hong Kong

The Postal Savings Bank of China (PSBC) has launched on the Hong Kong stock exchange, aft
AFP

Hong Kong (AFP) – Postal Savings Bank of China (PSBC) launched on the Hong Kong stock exchange Wednesday, after the world’s biggest flotation this year. 

Stocks were trading unchanged at HK$4.76 in the first few minutes. PSBC raised $7.4 billion with the listing, which is the biggest since Chinese internet giant Alibaba floated in New York in 2014, raising $25 billion.

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