Postal Savings Bank of China adds fuel for IPO filing

China Postal Savings Bank is adding more fuel to speculation it might be planning to go public.

The bank has released a small statement, saying it is "working to bring in strategic investments and speed up transforming."

Reports have been suggesting China's Postal Savings Bank is considering launching an IPO which could potentially be worth billion of US dollars.

Postal Savings Bank of China is the only state-owned commercial bank that is not listed on the markets.

Its total assets of last year came in at some 4 trillion yuan, or around 640 billion US dollars.

This makes Postal Savings Bank the sixth largest bank in China.

Most of the state-run bank's assets come from this country's rural areas.