Investment Bankers Eye China Post

AFX/World Reporter says, “The Chinese government is studying the feasibility of listing its postal business overseas by reorganising divisions under the State Post Bureau, the Hong Kong Economic Times cited market sources as saying. The sources said the postal business in China has large logistics, courier and deposit networks which are very attractive to foreign investors, although the China State Post Bureau is incurring losses. The report said investment banks including Merrill Lynch, Goldman Sachs, Morgan Stanley Dean Witter, UBS Warburg and BNP Paribas Peregrine, are competing to serve as financial adviser.”