Postal Savings Bank of China Co Ltd

Postal Savings Bank of China Co., Ltd., along with its affiliated companies, delivers a comprehensive suite of banking products and services. These cater to both individual and corporate clients throughout the People's Republic of China. Its Personal Banking division presents a wide range of offerings for retail customers. These include various savings options such as demand, time, personal call, time/demand optional, and foreign currency deposits, alongside passbooks and certificates of deposit. The segment also extends micro, personal pledged, and personal business loans, issues debit and credit cards, and provides access to wealth management products, funds, and insurance agency services. Furthermore, it facilitates the distribution of fund products, electronic bonds, and precious metals, while offering crucial transactional services like payment and collection agency, diverse settlement solutions, domestic and cross-border remittances, personal exchange settlement and sale, and foreign currency exchange. The Corporate Banking division serves businesses by offering various deposit types, including time, demand, call, and negotiated deposits. It provides an extensive array of financing solutions, such as working capital, fixed asset, trade finance, stock pledge, land reserve, syndicated, real estate development, property mortgage, and consignment loans. Additional services encompass cash management, negotiable instruments, trade finance, international settlement, and financial markets support. The Treasury segment is engaged in interbank lending, repurchase and resale agreements, and investments in debt and equity instruments. It also conducts investment banking activities and deals with bond securities and wealth management products. Moreover, this segment actively trades in a variety of financial products, including those within the money market, fixed income, and foreign exchange sectors, as well as derivatives and precious metals. Complementing its physical presence, the bank also offers modern online, mobile, and self-service banking platforms. As of December 31, 2021, the institution boasted a vast network of 39,603 branches, comprising 7,828 directly operated and 31,775 agency locations. Postal Savings Bank of China Co., Ltd. was established in 2007, is headquartered in Beijing, and functions as a subsidiary of China Post Group Corporation.