Postal Savings Bank shares mark tepid Shanghai debut, add to sector capital woes
Share:
BEIJING/HONG KONG (Reuters) - Shares of Postal Savings Bank of China (PSBC) marked a subdued Shanghai debut on Tuesday after a $4-billion share sale, underlining worries about dwindling options for lenders in the country to replenish balance sheets in a slowing economy.The shares of the bank, which has the largest network of branches in China, were up 1.27% at 5.57 yuan by 11:10 am (0310 GMT) versus the offering price of 5.50 yuan in what was the largest mainland share sale in four years. PSBC..