A branch of Postal Savings Bank of China (PSBC) in Hangzhou on September 14, 2016. Photo: AFP

Postal Savings Bank of China makes tepid trading debut in Shanghai as investors collectively shun banking industry

  • Postal Savings Bank’s shares closed 2 per cent higher at 5.61 yuan on the first day of trading on the Shanghai Stock Exchange
  • The largest Chinese bank by branch network began as a deposit-taking unit of the postal service until it was granted a banking licence in 2007
Topic |   IPO
A branch of Postal Savings Bank of China (PSBC) in Hangzhou on September 14, 2016. Photo: AFP
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