Posted in business day, nyt

I.P.O. for Postal Savings Bank of China Gets Help From Beijing

HONG KONG — China’s biggest banks are struggling with a slowing economy, rising bad debts and shrinking profits. So to raise more than $7 billion in the world’s largest new share sale in two years, a stodgy Chinese bank has sought a little help from its friends.

Added @ September 22, 2016 at 02:24PM from http://ift.tt/2cIA2S4