Postal bank planning 2nd offering

5.17 billion yuan would help develop platforms, optimize firm's structure

Hong Kong-listed Postal Savings Bank of China, the largest lender by number of branches on the mainland, said it plans to raise some 5.17 billion yuan ($785 million) through listing in Shanghai Stock Exchange.

The listing, if successful, will help to develop the lender's domestic and global financing platforms and optimize its corporate governance structure, according to the bank.