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Market Rumors: Postal Savings, HKBN, China Three Gorges

By Chelsea Naso (February 23, 2015, 4:28 PM EST) -- Postal Savings Bank of China is said to be in talks with potential investors, including an affiliate of Alibaba Group Holding Ltd. and several U.S. private equity firms and Asian sovereign wealth funds, about selling minority stakes ahead of a possible initial public offering in early 2016, the Financial Times reported Monday, citing investors with knowledge of the matter. An IPO of the state-owned bank could raise anywhere between $10 billion and $25 billion, the report said. Morgan Stanley has been mandated to line up investors ahead of any listing....

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