Postal Savings Bank of China recorded the largest IPO in 2016

Postal Savings Bank of China closed its placement on the Stock Exchange of Hong Kong raising $ 7.4 billion and recording the largest world's largest IPO this year and the biggest since listing in New York of the online commerce giant Alibaba in 2014, 25 billion dollars. The evaluation by $ 7.4 billion of PSBC is still lower than expected by the same company that aimed to collect more than $ 8 billion.

The debut on the stock exchange is expected next September 28. According some analysts cited by AFP, investors see little potential gain from such entities.

PSBC was founded in 2007 as a division of the holding company that controls the Chinese Postal Service. With more than 40,000 branches across the country, it is the largest bank in the country in terms of branches, the fifth largest institution for loans and the second by the presence on the territory after the Agricultural Bank of China. Most of its subsidiaries, 70%, is in fact in rural areas: it offers customers the basic financial services, and is the only lifeline to the financial world in the most remote regions of the Asian giant.