Postal Savings Bank of China Co., Ltd. (601658)

Overview

Postal Savings Bank of China Co., Ltd. is a major financial institution that operates extensively within the People’s Republic of China. Founded in 2007 and headquartered in Beijing, the bank is structured as a subsidiary of China Post Group Corporation Limited. It is dedicated to serving a wide range of customers, including both retail and corporate clients, through its comprehensive suite of banking products and services. With a network that spans directly operated and agency outlets, the bank also embraces digital innovation by offering online, mobile, and self-service banking options to its clients.

Products and Services

Deposit Products: Offers a variety of deposit products such as demand, time, and foreign currency deposits, along with personal call and time/demand optional deposits. Customers can also avail of passbooks and certificate of deposits for secure savings.

Loan Services: Provides a wide range of loan services, including micro and personal pledged loans, personal business loans, personal housing, auto, consumer, and personal education loans, catering to the diverse financial needs of individuals.

Business and Agriculture Financing: Offers specialized financing solutions like business easy mix and agriculture aid plus, supporting the growth and sustainability of businesses and agricultural ventures.

Money Transfer and Payment Services: Facilitates domestic remittance and exchange, payment and collection agency services, along with check, promissory notes, bank and commercial draft services for efficient financial transactions.

Cards Services: Offers debit and credit cards, providing convenient and secure access to funds and credit for daily transactions and financial management.

Foreign Exchange Services: Provides cross-border remittance, personal exchange settlement and sale, and foreign currency exchange and deposit services, catering to the needs of customers engaged in international transactions.

Wealth Management and Insurance: Offers wealth management products, funds, and insurance agency services, helping customers to manage their wealth and secure their financial future effectively.

Corporate Banking Services: Includes a suite of services such as cash management, trade finance, custody services, financial markets services, and corporate online banking, designed to meet the needs of business clients.

Treasury Business: Engages in a broad spectrum of treasury operations such as deposits and placements with banks, interbank borrowings and lendings, various debt and equity instrument investments, and issuance of bond securities, supporting the bank’s financial infrastructure.