China Postal Savings is a state-owned enterprise and is the fifth largest state-owned commercial bank in China.

Postal Savings Bank of China (PSBC) was officially established on March 20, 2007. It is the fifth largest bank in China and is reforming the postal savings management system. A state-owned commercial bank established on the basis of Postal Savings Bank of China will inherit the postal financial business operated by the former State Post Bureau and China Post Group Corporation and the resulting assets and liabilities, and will continue to engage in business approved and approved by the original business scope and business license documents.

Extended information

State-owned banks, that is, state-owned banks, refer to large banks directly controlled by the state (Ministry of Finance, Central Huijin Corporation).

State-owned banks specifically include: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Development Bank, Export-Import Bank of China, and Agricultural Development Bank of China.

Reference materials: Baidu Encyclopedia - Postal Savings Bank of China

Reference materials: Baidu Encyclopedia - State-owned banks