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Postal Bank of China raised more than $7 billion from its IPO on Wednesday in Hong Kong.

Postal Savings Bank of China Raises $7.4B in World's Largest IPO

Charissa Echavez   | Sep 22, 2016 02:35 AM EDT

State-owned Postal Savings Bank of China Co. successfully raised $7.4 billion on Wednesday in Hong Kong, the biggest initial public offering (IPO) in the world in two years.

China Joins EBRD

China Officially Becomes 67th Member of European Development Bank

Mars Woo   | Jan 17, 2016 02:55 AM EST

Two days before launching the Asia Infrastructure Investment Bank (AIIB), China became an official member of the European Bank for Reconstruction and Development (EBRD), one of the world's most important global financial institutions for development.

Bank of Shanghai

Bank of Shanghai Names New President Ahead of Planned IPO

Mars Woo   | Jan 12, 2016 10:17 AM EST

The Bank of Shanghai, one of the leading banking institutions in Shanghai, has named Hu Youlian as its new president, a position that has been left vacant since February 2015.

Japan Rejects China’s Invitation to Join Asian Bank

Marcel Woo   | Jul 08, 2014 02:01 AM EDT

Japan has initially rejected the invitation of China to become one of the founding members of the Asia Infrastructure Investment Bank (AIIB), a Beijing-sponsored regional bank that would compete with the Asian Development Bank (ADB).

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