Year-ender: Major company events in China

Postal Savings Bank debuts on Shanghai bourse

Postal Savings Bank of China Co Ltd, the country's largest bank by the number of outlets, launched an initial public offering on the A-share market on Dec 10.

The bank raised at least 28.45 billion yuan and could ultimately bring in 32.71 billion yuan if it chooses to exercise a green shoe option of selling 15 percent more shares within 30 days of the start of trade. Its IPO is the largest debut on the A-share market in the past decade.

The bank's shares opened 1.82 percent higher and closed 2 percent higher at 5.61 yuan on the Shanghai Stock Exchange.

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