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.
CITIC Construction Investment's 24-year outlook for the banking industry: three-bottom resonance promotes sector valuation restoration
CITIC Construction Investment released a research report saying that for a complete round of banking sector market conditions, it is necessary to experience the three key points of policy bottom, economic bottom, and performance bottom in sequence. The sector's performance characteristics will change markedly before and after the three major points.
Guangfa Securities: Q4 focuses on the phased opportunities of urban commercial banks and the high dividend logic, which is expected to restart in the first half of next year
The Zhitong Finance app learned that Guangfa Securities released a research report saying that Q4 focuses on phased opportunities for urban commercial banks, and the logic of high dividends is expected to restart in the first half of next year.
Open source securities: clarifying the direction of real estate and urban investment and chemical insurance, high-quality urban and agricultural commercial banks and banks with high dividends are expected to benefit
The conference clearly supports risk mitigation in the two major industries of real estate and financing platforms, and focuses on the stability of credit investment. The policy direction is clear, and policy strength is expected to be strengthened.
HSI Closes at 17,406, Up 7 pts; HSTI Closes at 3,854, Up 48 pts; PSBC Down over 6%; XIAOMI, LENOVO GROUP Hit New Highs
$CCB(00939.HK)$ closed at $4.48, down 1.8%
$TENCENT(00700.HK)$ closed at $295.4, up 0.9%
$MEITUAN-W(03690.HK)$ closed at $...
Mainland bank stocks $CCB(00939.HK)$ and $ICBC(01398.HK)$ opened 3.2% an...
DBS: <News Alert> China banking sector: Jun total social financing grew 9%, new increment above expectation
DBS: China banking sector: Jun total social financing grew 9%, new increment above expectation - Alpha Edge Investing
$Ping An Bank(000001.SZ)$$CCB(00939.HK)$$CITIC BANK(00998.HK)$$ABC(01288.HK)$$ICBC(01398.HK)$$PSBC(01658.HK)$$BANKCOMM(03328.HK)$$CM BANK(03968.HK)$$BANK OF CHINA(03988.HK)$$China Merchants Bank(600036.SH)$$Agricultural Bank Of China(601288.SH)$$Bank Of Communications(601328.SH)$$Industrial And Commercial Bank Of China(601398.SH)$$Postal Savings Bank Of China(601658.SH)$$China Everbright Bank(601818.SH)$$China Construction Bank Corporation(601939.SH)$$Bank Of China(601988.SH)$$China CITIC Bank Corporation(601998.SH)$$CEB BANK(06818.HK)$