Postal Savings Bank of China

The main activity of Postal Savings Bank of China (PSBC) is the provision of banking and financial services for both individuals and businesses. PSBC offers a wide range of products and services, including:

• For individuals: savings, microcredit, settlement/payment services, bank cards, foreign exchange operations, consumer credit, and online banking.
• For businesses: corporate deposits, payments/settlements, cash management, negotiable instruments, corporate financing, trade finance, custody services, financial markets operations, and online banking for businesses.

PSBC serves a very broad market, covering both urban and rural areas of China, with the mission of making financial services accessible to everyone. Its vision is to become a leading large retail bank that is reliable, innovative and of high added value.

The history of the Postal Savings Bank of China (PSBC) dates back to 1919, when postal savings activities began in China. With over a century of history, the company reached a key milestone in March 2007 with the official establishment of Postal Savings Bank of China Limited, resulting from the reform of the existing postal savings management system.

Since its inception, PSBC has grown to become a major retail bank, focused on making financial services accessible in both urban and rural areas. It offers a wide range of products and services, including savings, personal and business loans, cash management, trade finance, online banking, and many other solutions for individuals and businesses.

Over the years, PSBC has pursued a prudent and innovative growth strategy aimed at strengthening its position in the Chinese market. It has also established strategic partnerships and received numerous awards for its performance and commitment to social responsibility. Its mission is to provide accessible financial services to all, and its vision is to become a leading retail bank recognized for its reliability, security, and added value.

The founder of the Postal Savings Bank of China (PSBC) is the China Post Group Corporation, which established the bank in 2007. The main members of the management team include:

• Chairman: Zhang Jinliang
• President: Liu Jianjun
• Vice Presidents: Several vice presidents, some of whom are responsible for operations, risk management, and finance.
• Chief Risk Officer: Responsible for the bank’s risk management.
• Chief Financial Officer: Responsible for finance and financial strategy.

The management of PSBC is composed of experienced executives from the Chinese banking and financial sector, with strong involvement from China Post Group in the bank’s governance.