ING Group seeking strategic investor role in China Postal Savings – report
ING Group is seeking to play a role as a strategic investor in China Postal Savings Bank, the country’s fifth-largest bank, the official Shanghai Securities News reported, citing Hans van der Noordaa, the Dutch bank’s Asia-Pacific chairman for insurance and investment management.
Van der Noordaa said ING Group is interested in China Postal Savings Bank’s national network.
China Postal Savings, with registered capital of 20 bln yuan, plans to become a full-service institution and seek qualified domestic institutional investor (QDII) status, according to earlier reports.
