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Postal Savings Bank of China raises $7.4 billion in the world's largest initial public offering (IPO) in two years. As the youngest among China's major state-owned commercial banks, it operates through 40,000 branches, primarily located within post offices across China. The bank's IPO received significant support from Beijing. This move highlights China's ongoing efforts to strengthen its financial sector and expand its presence in global markets.
Tuesday, 20 September, 2016