Postal Savings Bank plans $25b IPO

State lender seeks to improve corporate governance, raise capital for growth

Postal Savings Bank of China Co aims to raise up to $25 billion with an initial public offering next year, people with knowledge of the matter said.

The bank is expected to introduce strategic investors who will improve its corporate governance by the end of June, raising $6 billion before the IPO and transferring about 15 percent of its equity to them.