Customers at the China Postal Savings Bank's ATMs in Beijing on 3 February 2007. Photo: AFP

China’s biggest IPO in four years faces a woeful start ahead of debut as a record number of investors decline their allotments

  • Traders backtracked on 119 million shares of Postal Savings Bank worth a combined 653 million yuan, or 2.3 per cent of its secondary issuance on the Shanghai Stock Exchange
  • The snub casts a pall over what should have been a high point for the bigger of China’s two stock markets
Topic |   IPO
Customers at the China Postal Savings Bank's ATMs in Beijing on 3 February 2007. Photo: AFP
READ FULL ARTICLE