Postal Savings Bank of China Co Ltd - Company Profile
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Postal Savings Bank of China Co Ltd (PSBC), a subsidiary of China Post Group Corp, is a commercial bank that provides a range of financial services. The bank's main activities include personal and corporate financial services, treasury operations, and other approved business activities. The bank’s major products and services include savings deposits, personal and corporate loans, credit and debit cards, payments and settlements, and wealth management products. The bank serves a diverse customer base, including Sannong customers, urban and rural residents, and small and medium-sized enterprises (SMEs). It operates through a network of directly operated and agency outlets to deliver its services. The bank conducts its operations primarily within China. PSBC of China is headquartered in Beijing, China.
Headquarters
China
Address
No. 3 Financial Avenue, Xicheng District, Beijing, 100808
Website
www.psbc.com
Telephone
86 10 68858158
No of Employees
196,779
Industry
Financial Services
Ticker Symbol & Exchange
1658 (HKG)
Revenue (2024)
$79.3B
-3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
1.1%
(2024 vs 2023)
Market Cap*
$94.5B
Net Profit Margin (2024)
XYZ
4.2%
(2024 vs 2023)
* As of and is in US$
Postal Savings Bank of China Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Personal Banking: | Personal Banking: | PSBC |
| Savings: | Settlement Business: | YOU+ Bank |
| Personal Certificate of Deposits | Payment and Collection Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Regulatory Approval | In July, the company's directors approved the formation of China Post Financial Asset Investment Company. |
| 2024 | Contracts/Agreements | In May, the bank partnered with Beijing Zhipu Huazhang Technology Co., Ltd. to enhance its marketing operations, risk management, and internal support. |
| 2024 | New Products/Services | In April, the bank introduced self-developed bond underwriting and distribution to improve its investment banking operations. |
Competitor Comparison
| Key Parameters | Postal Savings Bank of China Co Ltd | Industrial and Commercial Bank of China Ltd | Industrial Bank Co Ltd | China CITIC Bank Corp Ltd | China Minsheng Banking Corp Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Beijing | Beijing | Fuzhou | Beijing | Beijing |
| State/Province | Beijing | Beijing | Fujian | Beijing | Beijing |
| No. of Employees | 196,779 | 409,758 | 68,716 | 67,674 | 61,658 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yao Hong | Chief Risk Officer; Director; Vice President | Executive Board | 2023 | 60 |
| Lu Wei | President; Director; Chief Compliance Officer | Executive Board | 2026 | 55 |
| Niu Xinzhuang | Vice President; Chief Information Officer | Senior Management | 2023 | 50 |
| Yang Xilin | Chief Financial Markets Officer | Senior Management | 2026 | - |
| Liang Shidong | Chief Retail Banking Officer | Senior Management | 2023 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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