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PSBC Listing Creates Media Buzz
PSBC Listing Creates Media Buzz
| China Post |2016-10-13

China Postal Savings Bank of China (PSBC) was listed on Hong Kong's main board and began trading on September 28, causing hot discussion among major media in the Chinese mainland and south China's Hong Kong.

According to reports, the listing is an example of reform in China's financial system and has great significance for the banks sustainable development.

A China Central Television (CCTV) news broadcast said it was the biggest IPO (initial public offering) on global capital markets in two years.

The Economic Daily, Financial Times, China Securities Journal, 21st Century Business Herald and many other traditional media reported the news from different angles as did Internet media such as Xinhua, People's Daily Online, China.org.cn and others.

It also attracted Hong Kong media.

"With the National Day holiday approaching, the volume of transactions was just 61.56 billion Hong Kong Dollars (US$ 7.9 billion). Thanks to the biggest IPO as PSBC was listed on the board, the volume rose by 0.2 percent," the Sing Tao Daily reported.

In addition, the Ming Pao Weekly, Ta Kung Pao, the Oriental Daily and many other media in Hong Kong gave increasing coverage to the event. 

(China Post)

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