Minsheng postpones IPO marketing

Spooked by China's Bank of Communications Ltd's lower-than-expected price range for its IPO, China Minsheng Banking Corp, a leading nonstate bank, has postponed meetings with investors, signaling a delay in its US$800m IPO in Hong Kong, which unnamed sources say may now happen after July, the Wall Street Journal reported. Minsheng was set to meet with investors Monday after receiving approval last week to list on the Hong Kong exchange.