China Bank PSBC Files For 2016's Biggest IPO: Report

One of China's biggest banks hopes to raise $8 billion by listing in Hong Kong, in what would be the world's biggest flotation this year, a report said Friday. Postal Savings Bank of China (PSBC), the country's sixth-biggest lender with 40,000 branches -- more than any other bank in the country -- aims to list in the city as soon as September, Bloomberg News said. The bank -- founded in 2007 in an effort to boost financial services...