Temasek Holdings, the biggest foreign investor in Chinese banks, will raise its profile in the country's financial sector by taking part in Postal Savings Bank of China's (PSBC) private fund-raising exercise. PSBC will sell 16.92% of its stake to 10 global strategic partners, including financial institutions, such as JP Morgan Chase, UBS Group, Temasek Holdings and Alibaba-owned Ant Financial.
The stake sale, raising US$7.06 billion ($9.93 billion), comes ahead of a planned initial public offering by the Chinese lender, which is expected to take place in Hong Kong next year...............................................Full Article: Source
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