Deals
China’s Postal Savings Bank Said to Win $8 Billion IPO Approval
- Lender moves closer to world’s biggest share sale this year
- Postal Savings Bank has more outlets than any listed lender
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Postal Savings Bank of China Co., moving closer to the world’s biggest share sale this year, won Hong Kong stock exchange approval for an initial public offering that could raise about $8 billion, people with knowledge of the matter said.