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Wed 14 Sep 2016 12:55 PM

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Video: China's world record IPO

State-owned Postal Savings Bank of China (PSBC) has launched an initial public offering in Hong Kong worth up to $8.1 billion, with the vast majority of the deal covered by cornerstone investors.

Video: China's world record IPO
Chinese bank customers use the latest China Postal Savings Bank's ATM machines in Beijing 03 February 2007. With virtually no experience in lending money, China's huge postal savings system faces a steep learning curve as it transforms into the nation's fifth largest bank, after it was given approval by the nation's regulator to start operations, primarily in the countryside, home to 800 million underprivileged people. AFP PHOTO (Photo credit should read STR/AFP/Getty Images)

(Source: Reuters YouTube channel)