SHANGHAI -- China's securities regulator on Thursday approved an initial public offering from the Postal Savings Bank of China on the mainland's A-share markets, paving the way for the state lender to raise at least 23 billion yuan ($3.2 billion) to strengthen its capital liquidity.
Already listed in Hong Kong, PSBC is expected to offer 6% of its total shareholdings, or 5.17 billion shares, on either the Shanghai or Shenzen stock exchange to tap funds from the domestic market.
