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01658 PSBC

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3.440 -0.030-0.86%
Not Open 12/05 16:08 CST
3.510High3.430Low41.30MVolume
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About PSBC Company

China Post Savings can be traced back to the postal savings business established in 1919, which now has a history of 100 years. In 2007/3, China Postal Savings Bank Co., Ltd. was established on the basis of reforming the original postal savings management system. In January 2012, the entire Bank was restructured as a limited company. The Bank was listed on the Hong Kong Stock Exchange in September 2016 and listed on the Shanghai Stock Exchange in December 2019. The Bank has nearly 40,000 business outlets, serving more than 650 million individual customers. It is positioned to serve the “three rural areas”, urban and rural residents and small and medium-sized enterprises. Relying on the unique model and resource endowment of “self-operated+agent”, the Bank is committed to providing services to the most dynamic customer groups in China's economic transformation and accelerating the transformation to a new retail bank that is data-driven, channel collaboration, batch linking, and efficient operation. The Bank has excellent asset quality and significant growth potential, and is a leading large-scale retail bank in China. The Bank insists on serving the real economy, actively implements national strategies, and actively fulfills its social responsibilities. Adhere to customer-centered approach, build a financial service system with online and offline connectivity and integration, and provide high-quality, convenient and efficient integrated financial services to our customers. Adhere to risk as the foundation, adhere to prudent and prudent risk preferences, comprehensively improve risk leadership capabilities, and continue to improve the “comprehensive, full-process, all-staff” comprehensive risk management system. Adhere to the business philosophy of “understand the market, take a step ahead”, be brave in innovation and change, deepen capacity building, and achieve our own high-quality development. Since its establishment 16 years ago, the Bank's market position and influence have been increasingly evident. Fitch and Moody's respectively gave the Bank A+ and A1 ratings consistent with China's sovereignty; S&P Global gave the Bank an A rating; S&P Global gave the Bank an AAAsPC rating; China Chengxin International gave the Bank an AAA rating; the outlook is stable. In 2023, the Bank's Tier 1 capital ranked 12th in the “Top 1000 Global Banks” ranking of “The Banker” (TheBanker) magazine. Facing the new strategic opportunities for China's development, the Bank thoroughly implements the new development concept, closely follows the theme of high-quality development, adheres to the general tone of work of stability and progress, comprehensively deepens reform and innovation, accelerates characteristic, integrated, lightweight, digital and intensive transformation and development, firmly fulfills the economic, political, and social responsibilities of major state-owned banks, continuously improves the quality and efficiency of serving the real economy, focuses on improving customer service capabilities, and strives to become a first-class retail bank with outstanding customer trust, safety, innovation driven and excellent value.

Revenue Breakdown

Business Currency:CNY
Stock NameRevenueRatio
Personal bank104.95B42.78%
Fund business83.17B33.90%
Company bank57.19B23.31%

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