Postal Savings Bank IPO approval is expected this week as the world's largest IPO

China Postal Savings Bank said it expected the Hong Kong Stock Exchange IPO application approved this week. Informed sources said the IPO could raise about $ 8 billion, if true, will become Alibabaseptember 2014 $ 25 billion New York IPO the world's largest IPO.

June 24 The CBRC official website has issued a notice on the "China Postal Savings Bank on the initial public offering and listing of H shares cum amended Articles of Association of referrals" to be approved, including the Postal Savings Bank agreed to change the Overseas Offering and listing of shares SA, and the Postal Savings Bank IPO shares and H shares listed in Hong Kong, the issue size is not more than 13.92 billion shares to raise funds to replenish capital of the Postal Savings Bank.

Informed sources said that the above commitment could be the basis of a series of investment bank responsible for China Postal Savings Bank of listing matters in an arrangement; such investment, mostly from Chinese state-owned enterprises. China Postal Savings Bank may be listed as early as before the end of September.

The two Chinese state-owned investment transactions between enterprises shows that China is becoming more domestic capital circulating inside features. Hong Kong has always been connected to Chinese enterprises and international investment capital portal. Today, mainland Chinese companies are increasingly providing large sums of money for other Chinese companies listed in Hong Kong.