Postal Savings Bank of China Co., Ltd.
1658.HK
Hong Kong Stock Exchange4.67
HKD
+0.01
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Postal Savings Bank of China Co., Ltd.
1658.HK
(Hong Kong Stock Exchange)
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4.67
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ROIC.AI
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- Postal Savings Bank of China Co., Ltd. is a major state-owned retail bank primarily engaged in providing comprehensive banking and financial services, including demand and time deposits, personal loans, SME loans, wealth management, credit cards, payment services, and transaction banking. Its product suite includes retail banking services targeting over 670 million personal customers, small and medium-sized enterprises, rural and agricultural clients, and micro-enterprises. The bank leverages an extensive network of approximately 40,000 outlets, including its own branches and China Post agency outlets, covering all regions across China. It offers various deposit types such as demand, time, personal call, call, negotiated, and foreign currency deposits, as well as certificates of deposit and passbooks. Business banking services encompass commercial accounts, integrated liquidity solutions, life protection, and contingent business loan protection. The bank also focuses on microcredit, specialized farmer cooperative loans, and financial products catering to agriculture, rural areas, and farmers. Founded in 2007 and headquartered in Beijing, Postal Savings Bank of China operates as one of China’s largest retail banks with a strong emphasis on inclusive finance and digital transformation. In recent years, it has focused on advancing its technology finance, green finance, inclusive finance, pension finance, and digital finance initiatives to support China’s economic transformation and rural revitalization. In 2025, the bank injected 10 billion yuan into its newly established Financial Asset Investment Company as part of a broader 520 billion yuan state bank recapitalization, aimed at strengthening capital buffers, expanding into high-growth sectors including investment banking and wealth management, and diversifying revenue away from traditional interest-based income. This strategic move supports the bank’s goal to improve its capital adequacy, expand non-interest income, and enhance overall profitability while maintaining prudent risk control. Postal Savings Bank of China emphasizes high-quality development through digital innovation, risk management, and an open, shared, scenario-based intelligent business support system. It aims to become a first-tier large retail bank recognized for trustworthiness, distinctiveness, prudence, safety, innovation, and significant value creation. The bank collaborates closely with China Post Group and integrates its operations with subsidiaries to optimize service delivery and operational efficiency across retail and corporate banking segments. Its strategic priorities address the challenges of a low-interest-rate environment, competitive deposit markets, and evolving customer needs, reinforcing its position within China’s banking sector and supporting continued growth in urban and rural financial services.