Postal Savings Bank of China
| Postal Savings Bank of China Limited 中国 邮政 储蓄 银行 |
|
|---|---|
| legal form | Corporation |
| founding | March 6, 2007 |
| Seat |
Beijing , People's Republic of China
|
| management | Lu Jiajin and Li Quohua |
| Number of employees | 171,551 (2017) |
| sales | 56.1 billion US dollars (2017) |
| Website | www.psbc.com |
The Postal Savings Bank of China, also known as PSBC is a commercial retail bank , the basic financial services offering, particularly for small and medium enterprises, rural customers and for low-income customers. PSBC has 40,000 offices in all regions of China. It has the second highest number of branches of any bank in China after the Agricultural Bank of China.
With total assets of US $ 1.385 trillion in 2017, Postal Savings Bank of China was 22nd among the world's largest banks .
history
The bank was established in 2007 by the State Post Bureau , the state agency responsible for the Chinese postal service.
Due to its wide reach, the bank played an important role in the government's stimulus package in the wake of the financial crisis from 2007 . Targeted bank loans supported economic activity, particularly in rural areas. This included using the bank's microfinance services as a tool for national development and poverty reduction.
The bank has been listed on the Hong Kong Stock Exchange since September 30, 2016 . Companies and financial institutions that hold shares may include A. Tencent , UBS , Temasek Holdings and Morgan Stanley . The Chinese Post owns 68.92% of the shares.
Web links
Individual evidence
- ^ Postal Savings Bank Of China (PSBC) on the Forbes Global 2000 List. Accessed February 28, 2019 .
- ^ The world's 100 largest banks. Retrieved February 28, 2019 .
- ↑ China Postal Bank raises $ 7bn from local and overseas investors . December 9, 2015.