BY PRUDENCE HO AND FIONA LAW

HONG KONG—Goldman Sachs Group Inc. is raising around US$1 billion from the sale of shares in China’s biggest lender, Industrial Commercial Bank of China Ltd., two people with direct knowledge of the matter said Monday, in what could be the biggest share sale in Asia outside Japan so far this year.

The Wall Street company is selling the Hong Kong-listed shares in a block trade at 5.77 Hong Kong dollars (US$0.74) each, the people said, without disclosing the number of shares. The price represents a 3.0% discount to ICBC’s HK$5.95 closing price Monday.

A person familiar with the situation …