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Prospect News home > News index > List of issuers P > Headlines for Postal Savings Bank of China Co., Ltd. > News item
Published on 3/27/2017 in the Prospect News Emerging Markets Daily.

Postal Savings Bank of China eyes RMB 50 billion preference shares

By Marisa Wong

Morgantown, W.Va., March 27 – Postal Savings Bank of China Co., Ltd. announced it plans to issue up to RMB 50 billion of offshore preference shares to replenish its additional tier 1 capital.

The proposed issuance is subject to shareholders’ approval at an upcoming meeting.

The bank is based in Beijing.


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