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Postal Savings Bank of China

Headquarters in Beijing, China
Native name	中国邮政储蓄银行
Company type	listed
Traded as	SEHK: 1658 (H share) SEHK: 4612 (H preference) SSE: 601658 (A share)
Founded	6 March 2007; 17 years ago (2007-03-06)
Headquarters	No. 3 Financial Street, Xicheng District, Beijing, PRC
Key people	President Lu Jiajin Chairman Li Quohua
Owners	China Post Group 68.92%
Website	psbc.com

Postal Savings Bank of China Co., Ltd. also known as PSBC is a Chinese retail bank and financial services corporation headquartered in Beijing, China. PSBC provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of 31 December 2017, PSBC has 39,798 branches covering all regions of China. PSBC was ranked #27 in Forbes Global 2000 in 2023.

PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 trillion in deposits and the second largest number of branches, after the Agricultural Bank of China.

During the 2007–2008 financial crisis, the government took several measures to spread its national economic stimulus plan specifically to rural areas. This included using microfinance services provided by the Postal Savings Bank as a tool for national development and poverty reduction. The bank with its extremely broad reach also assists China's credit cooperatives in their microcredit schemes.

On 8 December 2015, China Postal Savings Bank, through issuing pro-float stock, received an injection of investment from the Temasek Holdings of Singapore, UBS, the Canada Pension Plan Investment Board, the International Finance Corporation, Morgan Stanley, DBS Bank, Tencent, Ant Financial Services Group, China Life and China Telecom, with a total investment of 45.1 billion yuan. These "strategic investors" together held a 16.92% stake in the company at the time of purchase. The stock was listed through an initial public offering on the Stock Exchange of Hong Kong on 30 September 2016. Prior to its listing, it was the largest unlisted Chinese bank.

Commerce

Postal Savings Bank of China focuses on serving "agriculture, rural areas, and farmers", small and medium-sized enterprises, and urban and rural residents. The bank leverages its postal network, ensuring stable operations, compliance, and good risk control to provide quality financial services, maximize shareholder value, and contribute to socio-economic development.

By the end of 2016, Postal Savings Bank of China had total assets of RMB 8.27 trillion, deposit balance of RMB 7.29 trillion, and total loans of RMB 3.01 trillion. The bank's net profit for the whole year was RMB 39.776 billion. On 10 January 2017, Postal Savings Bank of China held a press conference in Beijing to announce the launch of a blockchain-based asset custody system. This system, implemented with Hyperledger Fabric software developed by IBM, is used in the bank's core business system and marks the first successful case of a Chinese bank applying blockchain technology to its core business system.

Leadership

List of governors

List of chairmen of the board

See also

• Postal savings system

References

1. Ying, Chen. "Introduction of the Postal Savings Bank of China" (PDF). Retrieved 18 March 2019.
2. "Company Overview of Postal Savings Bank of China Co., Ltd". www.bloomberg.com. Retrieved 18 March 2019.
3. "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
4. "China Postal Bank raises $7bn from local and overseas investors". Financial Times. 9 December 2015.
5. "中国邮政储蓄银行股份有限公司" (PDF). Retrieved 9 October 2024.
6. 网易 (31 March 2017). "邮储银行公布上市后首份年报 2016年净利润同比增长14.11%". www.163.com. Retrieved 9 October 2024.
7. "Postal Savings Bank of China 2016 net profit up 14% on year". Nikkei Asia. Retrieved 9 October 2024.
8. "2016年年度业绩发布" (PDF). 29 March 2017. Retrieved 9 October 2024.
9. BSIC (2 October 2016). "Active gift card balance". Retrieved 9 October 2024.
10. "邮储银行上市后首份年报 2016净利润同比增14.11%". news.sina.cn. 29 March 2017. Retrieved 9 October 2024.
11. Taylor, Ian (12 January 2017). "Postal Savings Bank of China launches blockchain-based asset custody system". Post & Parcel. Retrieved 9 October 2024.
12. "IBM China - 新闻稿". IBM China. Retrieved 9 October 2024.
13. 邮储银行：董事长空缺一年半，刘建军代为履职严重超期. qq.com (in Chinese). 24 November 2023. Retrieved 18 October 2024.

External links

• official website

v t e Postal service of China
Post codes State Post Bureau China Post Group Co. Postal Airlines Post Mart Postal Savings Bank Philatelic Corp. Hongkong Post Macau Post
Transport and communications in China

v t e Banking in China
Banking in China History of banking in China
Central bank	People's Bank
Policy bank	Agricultural Development Development Export–Import
State Council commercial	Agricultural CITIC China Communications Construction Everbright Industrial and Commercial Merchants Postal Savings
Nationwide commercial	Bohai Guangfa Huaxia Industrial Minsheng Ping An Shanghai Pudong Development Zheshang
Urban commercial	Beijing Dalian Hangzhou Harbin Jiangsu Jilin Nanjing Ningbo Qingdao Shanghai Taian Taizhou Tianjin Tibet Shengjing Xiamen International
Regulatory agency	National Administration of Financial Regulation
List of banks in China List of banks in Hong Kong List of banks in Macau

v t e Constituents of Hang Seng China 50 Index

Agricultural Bank of China Alibaba Group Baidu Bank of China Bank of Communications BYD Company CATL China Construction Bank China Life Insurance Company China Merchants Bank China Mobile China Pacific Insurance Company China Shenhua Energy CITS Group Corporation China Yangtze Power CITIC Securities CNOOC Limited Foshan Haitian Flavouring & Food Co Great Wall Motor Gree Electric Hikvision ICBC Industrial Bank JD.com Jiangsu Hengrui Medicine Kuaishou Kweichow Moutai LONGi Luxshare Meituan Midea Group Mindray Muyuan Foodstuff NetEase Nongfu Spring PetroChina Ping An Bank Ping An Insurance Postal Savings Bank of China SF Express Shanghai Pudong Development Bank Shanxi Xinghuacun Fen Wine Factory Sinopec Tencent Vanke Wanhua Chemical Group Wuliangye Yibin WuXi AppTec Xiaomi Yihai Kerry

v t e Constituents of the FTSE China A50 Index

Agricultural Bank of China Bank of China Bank of Communications Beijing–Shanghai High-Speed Railway BYD CGN Power China CITIC Bank China Construction Bank China Everbright Bank China Merchants Bank China Pacific Insurance China Petroleum & Chemical China Securities China Shenhua Energy China State Construction Engineering China Tourism Group China Yangtze Power CITIC Securities Contemporary Amperex Technology East Money Information Foshan Haitian Flavouring and Food Foxconn Industrial Internet Great Wall Motor Gree Electric Appliances Inc of Zhuhai Haier Hygon Information Technology Industrial and Commercial Bank of China Industrial Bank Inner Mongolia Yili Industrial Jiangsu Hengrui Medicine Kweichow Moutai LONGi Green Energy Technology Luxshare Luzhou Laojiao Midea Group Mindray Muyuan Foodstuff NARI Technology People's Insurance Company of China PetroChina Ping An Bank Ping An Insurance Postal Savings Bank of China S.F. Holding Shaanxi Coal and Chemical Industry Shanghai Pudong Development Bank Shanxi Xinghuacun Fen Wine Factory Wanhua Chemical Group Wuliangye Yibin Yihai Kerry Zijin Mining

• Hang Seng China 50 Index
• Companies in the Hang Seng China Enterprises Index
• Companies listed on the Hong Kong Stock Exchange
• Microfinance organizations
• Banks established in 2007
• China Post
• 2016 initial public offerings
• Postal savings system
• 2007 establishments in China
• Companies based in Beijing
• Government-owned banks of China
• 2007 in Beijing