China's Postal Savings Bank says certain retail investors opt out of Shanghai listing

China's Postal Savings Bank says certain retail investors opt out of Shanghai listing

People walk past a sign outside a branch of Postal Savings Bank of China (PSBC) in downtown Beijing, China, November 12, 2015. REUTERS/Kim Kyung-Hoon/File Photo

Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing – a rare development that underscores growing concerns over problems in China’s banking system.