China's Postal Savings Bank gains 2.7% in tepid Shanghai debut
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BEIJING/HONG KONG (Reuters) - Shares of Postal Savings Bank of China (PSBC) , which has the largest network of branches in the country, gained as much as 2.7% in its Shanghai debut on Tuesday, after raising $4 billion in the largest mainland IPO in four years.The tepid market debut comes amid growing worries this year about the health of China's banking sector after regulators seized control of Inner Mongolia-based Baoshang Bank in May, citing serious credit risks. PSBC said last week that..