What Is a Post Office Recurring Deposit?

The Postal Savings Bank of China (PSBC) was officially established on March 20, 2007. [1-2] is a state-owned commercial bank formed on the basis of reforming the postal savings management system. China Post Savings Bank inherits the postal financial services and assets and liabilities formed by the former State Post Bureau and China Post Group Corporation, and will continue to engage in the business of original business scope and business license documents approval and approval.

China Postal Savings Bank

The Postal Savings Bank of China (PSBC) was officially established on March 20, 2007. [1-2] is a state-owned commercial bank formed on the basis of reforming the postal savings management system. China Post Savings Bank inherits the postal financial services and assets and liabilities formed by the former State Post Bureau and China Post Group Corporation, and will continue to engage in the business of original business scope and business license documents approval and approval.
China Post Savings Bank is a leading large-scale retail commercial bank in China. It is positioned to serve communities, small and medium-sized enterprises, and serve the "three rural" issues, and is committed to providing services to the most dynamic customer groups in China's economic transformation. Postal Savings Bank has set up provincial branches in all 31 provinces (municipalities and autonomous regions) of the country, and has 5 separate city branches in Dalian, Ningbo, Xiamen, Qingdao and Shenzhen. On February 27, 2012, with the consent of the State Council, China Post Savings Bank Co., Ltd. was changed to China Post Savings Bank Co., Ltd. on January 21, 2012. As of early November 2018, the Postal Savings Bank has nearly 40,000 business outlets and serves 565 million personal customers. [3]
On February 11, 2019, the China Banking Regulatory Commission issued the "List of Banking Financial Institution Legal Persons". Among the types of institutions, China Postal Savings Bank was listed as a large state-owned commercial bank, and it was on the same list as the establishment of diplomatic relations between workers and farmers. [4]
company name
China Post Savings Bank Co., Ltd.
Foreign name
POSTAL SAVINGS BANK OF CHINA
headquarter address
No. 3 Financial Street, Xicheng District, Beijing
Established
March 20, 2007
Business Scope
Financial industry, monetary financial services (J--66)
Type of company
State-owned Commercial Banks
Regulatory authorities
China Banking Regulatory Commission
Affiliation
China Post Group Corporation
Party secretary
Zhang Jinliang

China Postal Savings Bank

China Postal Savings Bank
In 1919, the Postal Savings Bureau, the predecessor of China Postal Savings Bank, was established to start postal savings business.
In 1942, the Savings and Exchanges Bureau became an important part of the Four Banks and Two Bureaus of the six major financial pillars at that time.
In the early days of the founding of the PRC, the postal savings business ceased in 1953, and the postal service continued to handle foreign exchange transactions.
In 1986, postal savings officially resumed.
In March 2007, in accordance with the overall arrangements for the reform of the State Council's financial system, and on the basis of reforming the original postal savings management system, the China Postal Savings Bank Co., Ltd. was formally established.
On January 21, 2012, with the consent of the State Council and the approval of the China Banking Regulatory Commission, China Post Savings Bank Co., Ltd. was changed into China Post Savings Bank Co., Ltd. as a whole. To inherit all the assets, liabilities, institutions, business and personnel of the former China Postal Savings Bank Co., Ltd. according to law, and to assume and fulfill the rights and obligations of the former China Postal Savings Bank Co., Ltd. in relevant contracts or agreements with legal effect, Creditor-debt relationship and legal liability. China Post Savings Bank Co., Ltd.'s existing business institutions, trademarks, Internet domain names, and consulting service telephones remain unchanged, and will continue to be used by the joint stock company, and all business will continue as usual. Customers do not need to go through any change procedures. [5]
Beginning in December 2015, China Postal Savings Bank has moved from a single shareholder to diversify its equity. The new shares were adopted, with a financing scale of 45.1 billion yuan and an issuance ratio of 16.92%. [6]
On August 27, 2016, China Post Savings Bank's US $ 8 billion Hong Kong IPO was approved. [7] On September 28, 2016, China Post Savings Bank was successfully listed on the main board of the Hong Kong Stock Exchange and officially landed on the international capital market.
China Post Savings Bank Head Office Building
In 2017, PBC successfully issued overseas preferred shares, further optimizing the capital structure and expanding channels for capital replenishment.
As of early November 2018, the Postal Savings Bank has nearly 40,000 business outlets and serves 565 million personal customers. Postal Savings Bank has created a comprehensive electronic banking system including online banking, mobile banking, self-service banking, telephone banking, WeChat banking, etc., forming the interconnection of electronic channels and physical networks, offline physical banks and online virtual banks go hand in hand Financial services landscape. [3]
On February 11, 2019, the China Banking Regulatory Commission issued the "List of Banking Financial Institution Legal Persons (as of the end of December 2018)". Among the types of institutions, China Post Savings Bank was listed as a large state-owned commercial bank, and it was on the same list as the establishment of diplomatic relations between workers and farmers. This is the first time that the Postal Savings Bank is listed as a large state-owned commercial bank in a regulatory document. Previously, it was separately listed as a "Postal Savings Bank". [4]

Corporate Governance of China Postal Savings Bank

Board of Directors of China Postal Savings Bank

Zhang Xuewen Executive Director, Vice President
Yao Hong Executive Director, Vice President
Han Wenbo Non-Executive Director
Tang Jian Non-Executive Director
Liu Yaogong Non-Executive Director
Jin Hongyi Non-Executive Director
Liu Yue Non-Executive Director
Ding Xiangming Non-Executive Director
Ma Weihua Independent Non-Executive Director
Bi Zhonghua Independent Non-Executive Director
Fu Tingmei Independent Non-Executive Director
Gan Peizhong Independent Non-Executive Director
Hu Xiang Independent Non-Executive Director
References (as of January 2019) : [8]

Supervisory Board of China Postal Savings Bank

Chen Yuejun, Chairman of the Board of Supervisors
Chen Yuejun, male, holds a doctorate degree in economics from Southwestern University of Finance and Economics and is a senior economist. He was appointed as the Chairman of the Board of Supervisors in December 2012.
Li Yujie Shareholder Representative Supervisor
Li Yujie, male, graduated from Henan University, senior accountant. He was appointed as the shareholder representative supervisor of the Bank in May 2016.
Zhao Yongxiang Shareholder Representative Supervisor
Zhao Yongxiang, male, holds a master's degree in engineering from Beijing University of Posts and Telecommunications and is a senior economist. He was appointed as the shareholder representative supervisor of the Bank in May 2016.
Zeng Kanglin External Supervisor
Zeng Kanglin, male, graduated from Sichuan University of Finance and Economics, professor. He was appointed as the Bank's external supervisor in May 2016.
Guo Tianyong External Supervisor
Guo Tianyong, male, holds a doctorate degree in economics from the Institute of Finance of the People's Bank of China, professor. He was appointed as the Bank's external supervisor in December 2013.
Wu Yu External Supervisor
Wu Yu, male, bachelor of law degree from Renmin University of China, senior editor. He was appointed as the Bank's external supervisor in May 2016.
Li Yue Staff Supervisor
Li Yue, male, holds a Bachelor of Arts degree from Heilongjiang University and is a senior corporate culture teacher. He was appointed as an employee supervisor of the Bank in December 2012.
Song Changlin Staff Supervisor
Song Changlin, male, graduated from the Party School of the Beijing Municipal Committee of the Communist Party of China. He was appointed as an employee supervisor of the Bank in March 2016.
Bu Dongsheng Staff Supervisor
Bu Dongsheng, male, graduated from the Liaoning Provincial Party School of the Communist Party of China. He was appointed as an employee supervisor of the Bank in May 2017.
References (as of January 2019) : [9]

Senior Management of China Postal Savings Bank

Zhang Xuewen Party Secretary, Executive Director, Vice President [10]
Zhang Xuewen, male, holds a doctorate degree in economics from Dongbei University of Finance and Economics and is a senior economist. He was appointed as Executive Director and Deputy President of the Bank in December 2012.
Yao Hong Executive Director, Vice President
Yao Hong, female, holds a master's degree in management from Hunan University and is a senior economist. He was appointed as the Vice President of the Bank in March 2007 and was appointed as the Executive Director of the Bank in May 2016.
Vice President of Qu Jiawen
Qu Jiawen, male, holds a doctorate degree in engineering from Harbin Engineering University, a professor-level senior engineer, and enjoys special government allowances from the State Council. He was appointed as the Vice President of the Bank in December 2012.
Xu Xueming Vice President
Xu Xueming, male, holds a master's degree in business administration from Peking University and a senior economist. He was appointed as the Vice President of the Bank in December 2012.
Vice President Shao Zhibao
Shao Zhibao, male, holds an MBA from Jinan University and is a senior accountant. He was appointed as the Vice President of the Bank in December 2012 and has also served as the President of the Bank's Sannong Finance Division since September 2016.
Liu Hucheng Secretary of the Commission for Discipline Inspection
Liu Hucheng, male, holds an MBA from Liaoning University and is a senior accountant. In January 2017, he was appointed as a member of the disciplinary inspection team of the Party Group of the Postal Group, the leader of the disciplinary inspection team of the Party group's disciplinary inspection team at the Bank, and the secretary of the disciplinary inspection committee of the China Postal Savings Bank of the CPC.
Du Chunye Secretary of the Board and Company Secretary
Du Chunye, male, holds an MBA from Beijing University of Posts and Telecommunications, and is a senior economist. He was appointed as the board secretary and company secretary of the Bank in January 2017.
References (as of January 2019) : [11]

China Post Savings Bank Business Introduction

China Post Savings Bank Corporation Business

China Post Savings Bank Credit Card
Deposits: Corporate customers provide unit current deposits, unit time deposits, unit agreement deposits, unit notification deposits, etc. For public deposit business, customer deposit funds are safe and secure.
Demand deposits: Business entities, institutions, agencies, troops, social groups and other economic entities open unit settlement accounts with the Bank to handle deposits that do not require a deposit period and can be accessed at any time. There is no fixed period for customers to access easily, and their access is mainly through cash or transfer.
Time deposits: Unit time deposits refer to deposits in which companies, institutions, institutions, and social organizations and banks agree on a time limit and interest rate when depositing, and draw principal and interest upon maturity. Interest-bearing party
A branch of China Postal Savings Bank
The interest rate is calculated based on the time deposit interest rate announced by the People's Bank of China. The interest rate will not be calculated on a segmented basis when the interest rate is adjusted. The term of unit time deposits is divided into three grades: three months, half a year, one year, two years, three years and five years.

Unit agreement deposits: Customers sign a "unit agreement deposit contract" with the bank, the agreed term and agreed settlement account need to retain the basic deposit limit, and the deposits in the account that exceed this amount are separately calculated interest deposits at the agreed deposit rate agreed by the two parties.
Settlement: Provide various corporate settlement services such as bills, exchanges, and entrusted collections to enterprises and institutions to ensure that businesses can achieve convenient and efficient currency payments and their liquidation in daily economic activities. The scope of services includes: comprehensive settlement services such as letter settlement, wire transfer settlement, collection and payment on behalf of enterprises and institutions, and personalized fund collection for network enterprises.

China Post Savings Bank Credit Card

Credit card application
Basic Conditions of Applicant Main Card Applicant: 18 years of age or older, 60 years old
Credit cards (5 photos)
The following mainland Chinese residents.
Applicant with card: 16 years of age or older. Chinese residents under 60 years of age.
Documents required for the application. Required materials for the main card: a copy of the applicant's ID card and proof of work. Submission materials: any of the financial proof and the bank's attention certificate.
Application for supplementary card: A copy of the ID card of the supplementary card applicant is required. The relationship between the supplementary card applicant and the main card must be an immediate relative.
Application channels Our credit card application channels are currently applied by business outlets. Please bring relevant information to our outlets for details.
Application progress You can check the credit card application progress through our online banking, mobile banking, customer service hotline self-service voice, or manually. [12]

China Post Savings Bank Personal Business

Savings deposit business:
China Post Savings Bank Card (3 photos)
Provide demand deposits, one-pass deposits, personal deposit certifications, personal notification deposits, time deposits, and fixed-money deposits for individual customers. The customer's deposit funds are safe and secure.
Personal settlement business: telephone banking remittances, appointment transfers, off-site settlements, domestic exchanges, Commerce Easy, online payment, and ATM / POS services.
Bank cards: green cards, green cartoons, green card VIP gold cards, Taobao green cards, Tencent QQ co-branded cards, green card zodiac cards (printed with the words "green card debit card"), green card foreign exchange cards, regional co-branded cards, etc.

China Post Savings Bank custody business

Eligibility for Custody: China Post Savings Bank has obtained the securities investment fund custody qualification since July 2009, becoming China's 16th custody bank with securities investment fund custody qualifications, which can host securities investment funds, bank financial products, trust products, and special account financial management Products, securities management, and other assets provide customers with secure, efficient, and professional custody services such as account opening, property custody, fund settlement, accounting, investment supervision, information disclosure, custody reporting, and more.
Custody team: The head office has an independent custody business department. It has a professional and young custody business team. All staff have a bachelor degree or above and a professional background in finance and accounting.
Custody products: China Post Savings Bank has obtained securities investment fund custody qualifications, and can trust securities investment funds, fund management company specific client asset management plans, bank wealth management products, trust products, securities company collective asset management plans and other types of products.
As an emerging custodian bank, China Post Savings Bank started with the escrow of products such as open-end funds and one-to-many special-account wealth management. It will continue to be committed to the innovation and development of escrow business, and provide investors and partners with safe, reliable, and high-quality products. Careful asset custody service.

China Post Savings Bank Branch Channel

China Postal Savings Bank North China

  • Beijing Branch
  • Tianjin Branch
  • Hebei Branch
  • Shanxi Branch
  • Inner Mongolia Autonomous Region Branch

Northeast China Post Savings Bank

  • Liaoning Province Branch
  • Jilin Province Branch
  • Heilongjiang Branch

China Postal Savings Bank East China

  • Shanghai branch
  • Jiangsu Branch
  • Zhejiang Branch
  • Anhui Branch
  • Fujian Branch
  • Jiangxi Branch
  • Shandong Branch

China Postal Savings Bank Central China

  • Henan Branch
  • Hubei Branch
  • Hunan Branch

China Postal Savings Bank South China

  • Guangdong Branch
  • Guangxi Zhuang Autonomous Region Branch
  • Hainan Branch

Southwest China Postal Savings Bank

  • Chongqing Branch
  • Sichuan Branch
  • Guizhou Branch
  • Yunnan Branch
  • Tibet Autonomous Region Branch

Northwest China Post Savings Bank

  • Shaanxi Province Branch
  • Gansu Branch
  • Qinghai Branch
  • Ningxia Hui Autonomous Region Branch
  • Xinjiang Uygur Autonomous Region Branch

China Post Savings Bank plans separate cities

  • Dalian Branch
  • Ningbo Branch
  • Xiamen Branch
  • Qingdao Branch
  • Shenzhen Branch
Source : [13]

Events of China Postal Savings Bank

1986-1996 China Postal Savings Bank 1986-1996

1986 [14]
January 27: The Ministry of Posts and Telecommunications and the People's Bank of China jointly issued the "Joint Notice on the Establishment of Postal Savings Business" and began to handle personal current and regular savings services at postal outlets in 12 cities.
March 10: The Ministry of Posts and Telecommunications and the People's Bank of China jointly issued the "Joint Notice on Printing and Distributing Agreements for the Establishment of Postal Savings", and began to fully launch the postal savings business from April 1, 1986. At the same time, the Ministry of Posts and Telecommunications announced the "Postal Savings Charter."
March 18: The Ministry of Posts and Telecommunications decided to establish the Postal Savings and Remittance Bureau of the Ministry of Posts and Telecommunications, which will be responsible for managing postal savings and exchange services nationwide.
July 1: The Ministry of Posts and Telecommunications uses the subscriber telegraph network to launch postal current deposit remote deposit and withdrawal business. On that day, Chen Muhua, State Councilor and President of the People's Bank of China, attended the opening ceremony of the West Chang'an Street Post Office and cut the ribbon.
December 2: The "Postal Law of the People's Republic of China" was promulgated. The law stipulates that postal enterprises operate postal savings and exchange services.
December 31: The balance of postal savings deposits nationwide reached 564 million yuan, with a market share of 0.4%.
1987 [14]
May 12: The Ministry of Posts and Telecommunications issued the "Notice on Carrying Out Insurance Business" and decided to carry out insurance business nationwide.
1988 [14]
In January, the Ministry of Posts and Telecommunications and the People's Insurance Company of China agreed to establish an insurance agency relationship between the two parties.
1989 [14]
January 28: The Ministry of Finance issued the "Interim Measures for the Construction Bank to sell Treasury bills on behalf of the Ministry of Posts and Telecommunications", and the post and telecommunications department started the sales of Treasury bills.
December 31: The balance of postal savings deposits nationwide reached 10.034 billion yuan, with a market share of 1.96%.
1990 [14]
January 1: The postal savings business handled by the post and telecommunications department and the People's Bank of China changed from paid deposits to re-deposits, and the postal savings business was changed from agency to self-management.
August 6: The Post and Telecommunications Department issued the 11th Asian Games Fund Lottery on its behalf.
November 12: The "Rules for the Implementation of the Postal Law of the People's Republic of China" promulgated, stipulating that the postal savings and exchange business are under the unified management of the Ministry of Posts and Telecommunications, and that it accepts the guidance of the People's Bank of China in financial business in accordance with relevant state regulations.
1991 [14]
March 27: Premier Li Peng of the State Council wrote the inscription for the 5th anniversary of the restoration of postal savings: "Develop postal savings and raise funds for economic construction".
1992 [14]
May 9: The Ministry of Posts and Telecommunications issued the "Notice on the Establishment of International Postal Exchange Business", and the International Postal Exchange Business was started on July 1.
1993 [14]
July 1: The Ministry of Posts and Telecommunications and the People's Bank of China jointly issued a new "Clearing Measures for Postal Exchange Funds." Exchange funds are subject to deposit interest calculation and transfer charges.
The Ministry of Posts and Telecommunications submitted to the State Council "Instructions for the Resumption of the Establishment of the Postal Savings and Financial Exchange Bureau", and officially proposed the idea of establishing a postal financial institution.
1994 [14]
March 13: The Ministry of Posts and Telecommunications issued the "Implementation Opinions on the Technical Transformation Project of the National Postal Savings Computer Networking System" and decided to implement the technical transformation project of the Postal Savings Computer Networking System nationwide (ie, the green card project).
1995 [14]
February 20: The balance of postal savings deposits exceeded 100 billion yuan, with a market share of 5.45%.
May 10: The Law of the People's Republic of China on Commercial Banks was promulgated, which stipulates that relevant provisions of this law shall apply to postal businesses handling postal savings and remittance services.
October 25: The national postal savings computer network system technical transformation project achieved initial results. Beijing, Shanghai, and Dalian started postal current deposit ATM remote withdrawal and balance inquiry services.
1996 [14]
May 8: The postal and telecommunications departments fully launched the current deposit and remote deposit and withdrawal business, and took the lead in establishing the nationwide off-site deposit and withdrawal business in the banking industry.

1997-2007 China Postal Savings Bank 1997-2007

1997 [14]
In March, the 144th Prime Minister's Office Meeting of the State Council agreed in principle with the "Request for Reform of the Postal Savings Exchange Management System" by the People's Bank of China, and determined that the People's Bank of China will study the implementation plan in conjunction with relevant departments of the State Council.
1999 [14]
January 12: Vice Premier Wen Jiabao presided over a meeting to study the reform plan of the postal savings exchange system, agreed in principle with the reform plan reported by the People's Bank of China, and requested the People's Bank of China to quickly formulate the articles of association of the Postal Savings Bank of China.
April 28: Approved by the State Post Bureau Establishment Committee, the "Postal Savings and Remittance Bureau of the Ministry of Posts and Telecommunications" was renamed the "Postal Savings and Remittance Bureau of the State Post Bureau".
May 1: Postal deposits and deposits and withdrawals at different locations are charged a handling fee of 0.5% of the transaction amount.
May 6: The State Council approves the Articles of Association of the Postal Savings Bank of China reported by the People's Bank of China.
June 1: The Ministry of Labor and Social Security and the State Post Bureau jointly issued the "Notice on Entrusting the State Post Office to Issue Pensions on behalf of Social Insurance Agency", and the postal department carried out the issue of pensions across the country.
July 16: The Postal Savings and Remittance Bureau of the State Post Bureau officially became a member of the voucher-type treasury bond underwriting syndicate, and began to issue voucher-type treasury bonds.
2000 [14]
January 1: The National Postal Savings and Remittance Computer System successfully resolved the "Millennium Bug" problem.
April 19-21: The National Postal Savings Business Development Symposium was held in Haikou City, and a strategy for vigorously developing rural postal savings was determined.
In June, the Postal Savings and Remittance Bureau of the State Post Office joined the World Savings Bank Association and became a full member of the World Savings Bank Association.
In September, China Post started the construction project of electronic exchange.
2001 [14]
May 10: A National Symposium for Directors of Reserves and Remittances was held in Langfang City, and a strategy for accelerating the development of urban postal savings and information construction was determined.
July 1: The postal department began to provide electronic remittance services to the public. By the end of the year, more than 10,000 postal business outlets in 2468 counties (cities) across the country had opened 24-hour cash-on-cash electronic remittances. business. End the nearly 100-year history of paper money delivery.
July 2: The Postal Savings and Remittance Bureau of the State Post Bureau and the Western Union Company of the United States have launched comprehensive cooperation to launch an international express remittance service.
2002 [14]
March 26: The National Conference of Postal Deposit and Remittance Directors was convened in Guilin City, and it was proposed that the development of the "three transformations" of postal deposit and exchange business should be realized.
In December, the postal savings computer system completed the UnionPay card transformation, and realized the cross-bank withdrawal, query and consumption of green cards.
2003 [14]
May 12: The construction of a unified version of the postal savings computer system was officially launched.
August 1: The state adjusts its postal savings-to-deposit policy, and implements new and old sections for postal savings-to-deposit, and the new funds are used independently by postal savings institutions. Postal savings institutions can engage in bond investment and contract deposit services, marking the beginning of market-based operations and management of asset businesses by postal savings institutions.
As of July 31, 2003, the original postal deposits (about 829 billion yuan, referred to as "old deposits") continued to be transferred to the People's Bank at an interest rate of 4.131%; since August 1, 2003, postal savings have increased The portion of deposits transferred to the People's Bank of China (referred to as "new deposits") is calculated at the interest rate of reserve deposits of financial institutions (an annual interest rate of 1.89%), and allows postal savings deposits to be used independently by the State Postal Savings and Remittance Bureau, mainly including Enter the inter-bank market to participate in bond trading, handle large agreement deposits with Chinese-funded commercial banks and rural credit cooperatives, conduct business cooperation with policy banks, carry out some intermediate business, underwrite government bonds and policy financial bonds, etc .;
September 22: The Postal Savings and Remittance Bureau of the State Post Bureau launched the first bond investment business.
September 26: The Postal Savings and Remittance Bureau of the State Post Bureau launched the first agreement deposit service.
November 18: The Post International Electronic Remittance System was successfully launched, abolishing the manual operation model for many years. On the same day, the postal department cooperated with foreign banks to launch an international bank and postal remittance service.
December 24: The postal savings funds independently used the proceeds for the first distribution with a return rate of 3.61%.
2004 [14]
In May, the China Banking Regulatory Commission issued the "Interim Measures for the Management of Postal Savings Institutions", which clearly requires that postal savings and postal services should implement "financial separation and separate management". This is a prerequisite for the postal savings system to be converted into a postal savings bank. Incorporating the postal savings system into the regulatory system reduces the basic requirements for reducing the risks that the postal savings system may face.
May 27: The "Interim Measures for the Business Management of Postal Savings Institutions" was implemented, and the state incorporated postal finance into the scope of banking management.
June 30: The balance of national postal savings deposits reached 108.2 billion yuan, with a market share of 8.86%.
August 28: The postal agent insurance system was successfully launched in Henan Province, realizing the real-time ordering of multiple products by multiple insurance companies at the postal front desk.
December 12: The construction of the unified version of the postal savings computer system was successfully completed, and the level of postal financial informationization reached a new level.
2005 [14]
June 28: The postal savings and electronic remittance system interoperability project was rolled out across the country, and account-to-account, cash-to-account, and business remittances, and "Internet Remittance" and other remittance products were implemented.
In June, the Postal Savings and Remittance Bureau of the State Post Bureau established a post-finance independent risk management system to comprehensively cover credit risk, market risk, and operational risk.
July 20: The 99th executive meeting of the State Council discussed and adopted the "Postal System Reform Plan" in principle, demanding that the establishment of the China Postal Savings Bank be accelerated, the financial business be standardized, and the establishment of the Postal Savings Bank, which has been delayed for several years, appeared. Signs of acceleration, the postal system reform officially entered the implementation phase.
July 23: Guangzhou Xidi Post Office started handling the first foreign currency savings business. Subsequently, Beijing and Fujian started business successively.
August 19: The State Council issued the "Postal System Reform Plan", which clearly stated that in accordance with the direction of financial system reform, the establishment of the China Post Savings Bank, which is controlled by China Post Group Corporation, should be accelerated.
From September 21: The "old deposits" of the postal bank in the central bank will be transferred out in 5 years according to the proportion of 10%, 15%, 20%, 25%, 30%, and will be transferred out quarterly four times a year, each time A quarter of the amount to be transferred for the year.
September 26: The Postal Savings and Remittance Bureau of the State Post Bureau successfully used the first USD funds through interbank deposits.
November 11: The postal financial electronic audit system was successfully launched in Hebei Province, using information technology to monitor business operation risks.
2006 [14]
In January, Liu Mingkang, the chairman of the China Banking Regulatory Commission, stated clearly at the 2006 working conference that he would approve the postal savings bank's preparation plan as soon as possible, and guide and supervise the implementation of the plan to ensure that the postal savings bank institutions at all levels are established and formally listed.
January 13-14: The National Postal Savings and Remittance Professional Working Conference was held in Beijing, and a coordinated development strategy for postal financial asset and liability business was proposed.
March 18: The pilot work of the postal savings deposit small deposit pledge loan business was launched in Fujian. Subsequently, Shaanxi and Hubei successively started business.
June 22: The China Banking Regulatory Commission formally approved the "Plan for the Construction of the Postal Savings Bank of China" to guide and supervise the implementation of the plan by the State Post Office, and required that the preparation for the establishment of the Postal Savings Bank be completed within 6 months. During the establishment of the Postal Savings Bank, postal savings and various postal financial services continued as usual, using the brand names of China Postal Savings Bank and the original Postal Savings concurrently. After the establishment of China Postal Savings Bank, it will fully inherit the assets and liabilities of postal savings and various postal financial services, and customers will not have to go through any change procedures due to the restructuring.
December 1: The national postal exchange large-scale centralized system project is fully launched.
December 18: The Postal Savings Bank established by China Post Group with a wholly-owned contribution of 20 billion yuan and completed pre-approval registration with the State Administration for Industry and Commerce. Its full name is "China Postal Savings Bank Co., Ltd.", referred to as "China Postal Savings Bank".
December 31: The China Banking Regulatory Commission officially approved the opening of the China Post Savings Bank, and agreed to the China Post Group Corporation to wholly fund the establishment of the China Post Savings Bank Co., Ltd., and approved the "Articles of Association of the China Post Savings Bank Co., Ltd.".
2007 [14]
March 6: China Post Savings Bank Co., Ltd. was incorporated, with Liu Andong as chairman and Tao Liming as president.
March 20: China issues a set of "China Postal Savings Bank" stamps. [15]
March 20: China Post Savings Bank officially listed in Beijing. Its goal is to fully rely on and give full play to the advantages of the postal network, improve the urban and rural financial service functions, provide financial services for the national economy and social development, and serve the broad masses of the people, and ultimately build a modern capital with sufficient internal control, strict operation security, and strong competitiveness. Financial Institutions.
China Post Savings Bank's First Chairman
June 18: Postal storage company's business system project officially started
July 12: The National Center for Postal Centralization System was successfully launched.
July 21, August 18: The successful implementation of the Shanxi and Chongqing Postal Exchange Centralized Concentration System as a pilot project marks that the entire project construction has entered a substantial phase.
In early August, the Guangdong Banking Regulatory Bureau of the China Banking Regulatory Commission officially approved the opening of the Guangdong Branch of the China Postal Savings Bank.
October 11: Postal Savings Bank Guangdong Branch and Shenzhen Branch were established, which indicates that the first-level branches of the Postal Savings Bank formally entered the process of listing and opening.
December 7: With the successful switch-over of Guangdong Post's centralized exchange system, the national post's centralized exchange system project was successfully completed.

2008-2011 China Postal Savings Bank 2008-2011

2008 [14]
First President of China Postal Savings Bank
January 16: China Postal Savings Bank piloted personal wealth management business, Tianjin, Heilongjiang, Henan Province (city) branches, Fujian, Xiamen, Jiangsu Province (city) Postal Savings and Remittance Bureau sold six first RMB wealth management products to the outside world Chuangfu No. 1.
January 28: China Post Savings Bank launched the first phase of "foreign deposits and accumulation of wealth" foreign currency wealth management products, and conducted pilot sales at foreign currency savings outlets in Beijing, Tianjin, Shanghai, Fujian, Jiangsu, Zhejiang, and Guangdong.
January 20-28: China Post Savings Bank Jiangsu Province, Hubei Province, Qinghai Province, Tibet Autonomous Region, Xinjiang Uygur Autonomous Region, and Qingdao Branches were established respectively. So far, all 36 provincial branches of the China Postal Savings Bank have been unveiled.
March 23: China Post Savings Bank's business system was successfully launched in five pilot sites in Tianjin, which is an important step for the Bank of Postal Savings to become a fully functional bank.
April 8-10: The first China Postal Savings Bank Working Conference was held in Beijing. The conference comprehensively summarized the development history of postal finance reform, analyzed the current situation, clarified the main tasks for a period of time in the future, and arranged the 2008 postal service. Financial work. Chairman of the Banking Regulatory Commission Liu Mingkang and Vice Chairman Cai Yisheng made important speeches at the meeting.
June 2: China Post Savings Bank officially issued the first credit card, marking the expansion of China Post Savings Bank's asset business into a new field.
July 27-August 1: The first training course for senior managers of the first-level branches of China Postal Savings Bank was held in Beijing.
At the end of September, the listing of the China Postal Savings Bank's national branches was completed, and the establishment of the institution was successfully completed.
October 30: The financial and accounting sub-accounting of China Postal Savings Bank and China Post Group Corporation was completed.
In December, China Post Group completed the second phase of capital injection of China Post Savings Bank.
2009 [14]
January 8: China Postal Savings Bank officially started to handle the company's self-operated loan business.
January 14: Election of the Party Committee and Disciplinary Committee of the First Office of the China Postal Savings Bank Headquarters, and the first meeting of the Party Committee and Disciplinary Committee of the First Office of the China Postal Savings Bank.
January 15: China Post Savings Bank Corporation's business system and PBC treasury information processing system (referred to as TIPS) docking project was successfully launched in Liaoning and Sichuan.
January 21: China Post Savings Bank's "Compliance Management Year" event officially launched.
February 18: The 2009 China Postal Savings Bank Working Conference was held in Beijing. The meeting determined the general idea of accelerating the transformation of the Postal Savings Bank into a modern commercial bank.
February 24: The activities of the head office of the China Postal Savings Bank in-depth study and practice of the scientific concept of development ended, and the rectification work was implemented and completed item by item in accordance with deadlines and tasks.
February 26: China Post Savings Bank launched a two-way cross-strait electronic remittance service.
March 10: The head office of China Postal Savings Bank and the head office of China Everbright Bank signed the "2009 Syndicated Loan and Other Business Cooperation Agreement" to further strengthen business cooperation in the areas of syndicated loans, supply chain finance, and wealth management.
April 8: China Postal Savings Bank and China Minsheng Bank Head Office signed a syndicated loan business cooperation agreement.
April 17: The China Postal Savings Bank held a teleconference on the summary and certificate issuing ceremony of the remote training of financial services for the heads of branches and postal directors across the country. A total of 22071 heads and directors passed and obtained certificates.
April 20: China Postal Savings Bank and Dell (China) Co., Ltd. signed a "Memorandum of Strategic Cooperation" and "Agreement on Funds Collection and Cooperation" in Beijing to establish a long-term strategic partnership.
In May, China Postal Savings Bank won the 2008 Best Trading Practice Award from the National Interbank Foreign Exchange Trading Center.
May 15: The head office of China Postal Savings Bank and the head office of Hua Xia Bank signed the 2009 cooperation agreement on syndicated loan and credit asset transfer business.
May 18: The China Postal Savings Bank organized the completion of the on-line work of saving between the national first-level branches and the corporate system, which greatly improved the advantages of payment and settlement.
May 27: Daqing Branch of China Postal Savings Bank signed a letter of guarantee contract with the Lindian County Government, issued a performance guarantee agreement, and handled China Post Savings Bank's first performance guarantee business.
June 3: President Tao Liming of China Postal Savings Bank participated in the CCTV International Forum on "Cracking the Financing Difficulties of SMEs" and spoke as a guest.
June 3: The Ningbo Branch of China Postal Savings Bank started a pilot operation of fishing boat mortgage loan business.
June 6: The third-party depository system of China Postal Savings Bank was successfully launched.
June 11: China Postal Savings Bank officially started the construction of the agency insurance centralized system.
June 23: China Postal Savings Bank was recognized by the National Tourism Administration as one of the designated banks for quality deposits of travel agencies, providing a new entry point for China Postal Savings Bank's business in serving the tourism industry customers.
June 25: Financial training for senior managers of China Postal Savings Bank was held in Beijing. The meeting clarified the efficiency-centric business development and financial management strategies.
June 29: Hebei Baoding Branch started a trial to start a personal commercial loan business of real estate mortgage under the corporate name.
June 30: Beijing Branch took the lead in launching the bill redemption business throughout the bank.
July 8: China Post Savings Bank's business deposit balance smoothly exceeded the 100 billion mark.
July 9: China Post Savings Bank's cashier's check service was launched.
July 16: The China Postal Savings Bank's small business loan officially began trials in Baoding, Hebei, realizing the diversified development of credit business.
July 16: Our bank obtained the qualification of fund custody business, and officially operated on September 1. By the end of 2009, the scale of assets under custody business exceeded 10 billion yuan.
July 24: China Post Savings Bank Co., Ltd. and China Post Group Corporation appraised the "Agency Banking Business Framework Agreement". Subsequently, provincial, prefecture-level and county-level "Agency Banking Business Framework Agreements" were signed nationwide.
July 30: The head office and Sichuan Changhong Electrical Appliances signed a strategic cooperation framework agreement and a sales fund collection cooperation agreement.
July 31: The personal commercial loan balance of China Postal Savings Bank exceeded 10 billion yuan, achieving a breakthrough in business scale and laying the foundation for stable development throughout the year.
In August, the notification requirements of the CBRC were implemented, and after four months, special inspections of agency insurance, agency funds and wealth management business were completed across the bank.
In August, the mobile "Shangyitong" service was launched on a trial basis in Shenyang, Liaoning Province.
August 1: China Post Savings Bank's distance education training system was launched.
August 4: China Postal Savings Bank became a member of the Standing Committee of the Syndicated Loan and Transaction Committee of the China Banking Association.
August 7: Baoding Branch of China Postal Savings Bank successfully issued the first small business loan.
August 13: A conference was held to commend self-examination for successful personnel who found and successfully blocked postal financial capital cases, motivated employees to proactively inspect and find capital cases, block risk events, and reduce capital losses.
August 16: National second-level sub-branch profit and loss accounting and "Sannong" financial statement training class was held in Shijiazhuang, which marked that this work was officially carried out across the bank, and it would have a profound impact on the bank's employees to further improve efficiency awareness.
August 24: Formally joined the Jinhong system of the State Administration of Foreign Exchange, and reported electronic balance of payments electronic data information to the foreign exchange bureau through the Jinhong system.
September 1st: "Daily Rise in Renminbi Wealth Management" was launched as the first custody product of our bank.
September 7: The company's wealth management business system was officially launched. This move will have far-reaching effects on expanding wealth management, the company's business scale, expanding social influence, and establishing the brand name of the Postal Savings Bank.
September 10: The one-to-many business of China Post Savings Bank Fund Account was officially launched.
September 13: The physical concentration project of the savings system was piloted in Yunnan and Xinjiang.
September 15: A special audit meeting on the microfinance business of the chief auditors of national first-level branches was held to study the special audit content of the microfinance business, the joint defense mechanism for cases at the borders of the provinces, and cross-provincial cross-checks.
September 16: The bank draft function of China Post Savings Bank was launched.
September 27: China Post Savings Bank's personal housing mortgage loan balance exceeded 10 billion yuan.
October 10: China Postal Savings Bank began pilot forest loan in Yongan, Fujian.
October 11: China Post Savings Bank's cumulative small loan issuance exceeded 100 billion yuan.
October 20: "Shang Yitong" products won the "2009 (Fifth) China Post Enterprise Management Modernization Innovation Achievement (First Prize)".
October 22: China Postal Savings Bank held a national outstanding loan officer commendation conference in Beijing to recognize outstanding loan officers who have made outstanding contributions in the development of small loan business.
October 27: China Postal Savings Bank and China Merchants Bank signed a syndicated loan and other business agreement. The syndicated loan plan between the two parties is 30 billion yuan per year.
November 4: The Central Treasury Centralized Payment System of China Post Savings Bank went online to meet the payment needs of financial customers. Yantai Muping District Branch became the first institution to set up centralized treasury payment.
November 6: Acted as the agent of the centralized insurance system to complete the first pilot province of Jilin.
November 10: China Post Savings Bank and Gome Electric Appliances Co., Ltd. jointly signed the "Gome Electric Appliances and Post Savings Bank Strategic Cooperation Framework Agreement" in Beijing, officially announcing the establishment of a long-term and comprehensive strategic partnership between the two parties.
November 19: The personal loan balance of China Postal Savings Bank exceeded 100 billion yuan, marking the development of the personal loan business of the Postal Savings Bank to a new level.
November 25: Green Cartoon's foreign currency business was launched on a trial basis in Yunnan, which realized the use of Green Cartoon as the carrier's local and foreign currency card service.
November 25: China Banking Regulatory Commission (Yinjianfu [2009] No. 473) agreed to increase the capital of China Post Savings Bank by 10 billion yuan with China Post Group Corporation and complete the change of industrial and commercial registration on December 17. The accumulated capital has reached 30 billion yuan.
December 16: The large-scale agency insurance system completed the nationwide promotion and online work, and the data processing model for agency insurance business changed from provincial concentration to national concentration.
December 21: China Postal Savings Bank held a company credit system construction project launch meeting in Beijing, marking the official launch of the Bank's corporate credit system construction.
December 23: The China Postal Savings Bank held the first national Golden Goose Award marketing appraisal and commendation conference in Beijing. This marketing appraisal activity is an important measure for the transformation of the postal bank's marketing methods and the establishment of a professional marketing system.
December 24: "China-Europe Small and Medium Cap Equity Securities Investment Fund" was launched as the first publicly-managed trust fund of our bank.
December 25: China Post Savings Bank's personal housing mortgage loan balance exceeded 30 billion yuan, achieving leapfrog development.
December 28: The online trading system of fund business is officially promoted to provide clients with fund services within 24 hours.
December 31: China Post Savings Bank's balance of public deposits exceeded 200 billion yuan, and its scale and influence further expanded.
2010 [14]
January 1: China Post Savings Bank fully launched the profit and loss accounting work for the purpose of promoting the income and efficiency of secondary sub-branches, unified the revenue collection and cost sharing standards, and completely and accurately reflected the operating results of secondary sub-branches.
On the same day, China Post Savings Bank Tencent QQ Co-branded Card was officially issued. The card is a joint debit card that integrates financial services and online payment functions.
January 12: China Post Savings Bank Corporation's international electronic remittance business was launched on a trial basis at Suifenhe Sub-branch, Mudanjiang City, Heilongjiang Province, and successfully processed the first transaction.
In January, the Guangdong Branch of China Postal Savings Bank took the lead in becoming the exclusive agent branch for participating in the New Rural Insurance pilot financial services.
February 1: China Postal Savings Bank agrees with the Jiangxi Branch to launch a re-employment micro-guaranteed loan business on a trial basis, opening the nation's re-employment micro-loan
China Post Savings Bank microloan award winning poster
Business chapter.
February 11: China Post Savings Bank's first capital account financial institution's foreign currency deposit business was successfully handled in Beijing Branch, further expanding the company's foreign exchange business area.
In February, China Post Savings Bank launched the branch risk manager assignment system, which effectively improved the level of branch internal control management, and the branch business error rate dropped significantly.
March 3: The Leading Group for Case Prevention and Control of China Postal Savings Bank was formally established. It indicates that the case prevention and control work is led by the audit and inspection leading to the case prevention and control leading group, and all responsible departments and units participate together to change the direction of joint management.
March 14: The computer system of China Postal Savings Bank successfully completed the "two sessions" security protection work, during which the financial network was closed and the system ran smoothly.
On the same day, the China Postal Savings Bank agreed with Hunan Xiangxi Autonomous Prefecture Branch to launch a pilot micro-loan business for tobacco farmers, further enriching the micro-loan business product system.
March 29: China Post Savings Bank savings system version 2.0 renovation project completed nationwide promotion. This project is a major transformation of the savings system since the "Unified Savings System" was launched in 2004.
The China Postal Savings Bank officially launched the standardization project of decoration design of business outlets, which means that the decoration design of business outlets of the Postal Savings Bank has transformed to a modern commercial bank outlet.
As of the end of March, Shandong Branch's small loan balance exceeded the 10 billion mark first, becoming the first tier 1 branch of our bank with a small loan balance exceeding 10 billion.
April 29: China Post Savings Bank Golden Goose Awards promotion was promoted for the first time in the form of a lecture in the whole bank.
Since April, China Post Savings Bank's Green Card has launched foreign exchange business services. The Green Card has become our bank's first domestic and foreign currency bank account card.
China Post Savings Bank's cash management system was launched on a trial basis in Hubei Province, marking that our bank has the ability to provide high-end financial services for the capital management needs of very large group customers.
May 5: The China Postal Savings Bank agreed with the Sichuan Branch to start a personal first-hand housing loan business, ending the Bank's history of issuing personal second-hand housing loans.
May 27: China Post Savings Bank's first inland waterway ship mortgage loan was officially issued in Huainan, Anhui, marking a new step for the Bank's credit to support inland waterway development.
May 31: The commercial bill system of China Postal Savings Bank was successfully launched on a trial basis and successfully completed the first bill discounting business and the first bill redemption business.
Since June, China Post Savings Bank has launched a credit card gold card product.
June 1: China Post Savings Bank's personal online banking business was officially opened to the public. With this as a sign, Postal Savings Bank has initially established a relatively complete commercial banking service network system.
June 30: All old deposits of China Postal Savings Bank were transferred out, realizing a smooth transition from PBC transfers to autonomous use.
China Postal Savings Bank's "Microcredit and Retail Banking Project" (in cooperation with the German Technical Cooperation Corporation (GTZ)) won the German Technical Cooperation Corporation's "International Cooperation Project Top Achievement Award".
10
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716
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11292014
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955802010
1229
1231201099.70%152010201020102010
201111
2011 [14]
11000
219
225
228
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32
315
428
51
55
5121000
531100
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September 22: The 95580 Customer Service Center of the China Postal Savings Bank won the "Customer Center Operation and Management Elite Team" at the "5th China Financial Industry Customer Service Center Development Summit Forum" and "China Financial Industry Customer Service Center Development Alliance 2011 Annual Council Meeting" Awards "," Customer Center Comprehensive Business Support Elite Team Award "awards.
September 31: The monthly transaction size of China Post Savings Bank debit card exceeded 1 trillion yuan.
China Post Savings Bank's first domestic guarantee and foreign loan business was successfully handled in Xiamen Branch.
China Postal Savings Bank won the "Best Service Award of the Year" and "Excellent SME Service Award" at the 2011 China International Finance Exhibition.
The China Postal Savings Bank was awarded the Advanced Collective of Credit Investigation in the credit evaluation campaign organized by the Credit Center of the People's Bank of China.
China Post Savings Bank and China UnionPay launched a green card debit card "UnionPay Cardless Payment" business.
China Postal Savings Bank started a personal car consumer loan business in Hebei, ending the history of consumer loans that used real estate as a single collateral.
China Post Savings Bank's 95580 Customer Service Center won the "Complaint Handling Contribution Award" for the second session of China UnionPay's bank card interbank customer service.
October 18: The foundation laying ceremony for the construction of the Hefei back-end service base project of the China Postal Savings Bank was held.
October 21: China Post Savings Bank successfully issued the first pledge loan for warehouse receipts in Yantai, Shandong.
October 22: The China Postal Savings Bank successfully concluded the safeguard work of the Xi'an Horticultural Exposition, which was highly evaluated by the China Banking Regulatory Commission.
October 27: The first gold transaction of the Bank's proprietary assets was successfully launched.
November 1: China Post Savings Bank became the only bank to win the title of "Best Small Business Loan Bank" at the "2011 NetEase Finance Golden Diamond Award" award ceremony.
November 2: China Postal Savings Bank successfully issued the bank's first batch of production equipment mortgage personal business loan business in Xinzhou, Shanxi.
November 9: China Post Savings Bank held a press conference in Beijing, "From small loans to small business loans, China Post Savings Bank has issued a total of 700 billion yuan in small and micro enterprise loans."
November 16: China Post Savings Bank won the "2011 Treasury China Best Growth Cash Management Bank" award in the treasury China banking industry awards judging activity.
November 21: China Post Savings Bank successfully completed the fund system relocation project.
November 24: The cumulative amount of loans issued by China Post Savings Bank for small business owners and corporates exceeded 50 billion yuan.
November 25: China Postal Savings Bank obtained the qualification of acting as a precious metal agent of the Shanghai Gold Exchange.
China Post Savings Bank Shanghai Branch successfully handled the first foreign currency collection service.
China Post Savings Bank officially issued social security IC cards with financial functions, becoming the first batch of card issuers in the country to officially issue financial social security IC cards that comply with the PBOC 2.0 standard.
China Postal Savings Bank has obtained the qualification of a payment agency authorized by the central finance.
December 9: China Post Savings Bank's "China Post Finance IT Master Plan" and other three projects won the first prize in the review of provincial and ministerial science and technology awards by China Post Group Corporation.
December 13: China Post Savings Bank's fund risk management and control was recognized by China UnionPay and awarded the "Outstanding Contribution Award".
December 13: The signing ceremony of the financial service cooperation agreement between China Postal Savings Bank and China Individual Workers Association was held in Beijing.
December 22: China Postal Savings Bank's post finance intermediary business platform completed national promotion and launched, marking that China Post financial information system application software has entered a new stage of combining outsourcing development and independent development from outsourcing development.
December 31: The success rate of China Post Savings Bank's interbank transactions in 2011 reached 99.765%, ranking first among 15 national commercial banks for the first time, marking a new level of computer system operation quality.
December 31: The China Banking Regulatory Commission approved the overall restructuring of China Post Savings Bank Co., Ltd. into a company limited by shares.
China Post Savings Bank's personal online banking users exceeded 25 million, ranking fifth in the country.
China Post Savings Bank Jiangsu Branch successfully handled the first Singapore dollar corporate foreign exchange deposit business, achieving a new breakthrough in five major foreign currencies.
China Post Savings Bank Personal Online Banking won the "Comprehensive Development Award" issued by the China Financial Certification Center (CFCA) and the "Electronic Banking Promotion and Innovation Award" issued by the Financial Electronic Magazine.
China Postal Savings Bank became one of the first financial institutions to be topped by the Ministry of Public Security and 10 major domestic Internet search engine companies.
China Post Savings Bank launched its trade financing business and has the ability to provide customers with foreign currency financing services.
China Post Savings Bank independently developed a monitoring system for phishing websites.
China Post Savings Bank's content management platform, accounting processing platform, channel management platform, and customer information platform have begun to be constructed as important projects for China Post Finance's eight major IT platforms.
China Postal Savings Bank won the 2011 Bookkeeping Treasury Outstanding Award from the Ministry of Finance.
China Postal Savings Bank was awarded the title of "Advanced Collective of Anti-money Laundering in the Financial Industry" and the "Advanced Unit of the Year" in the first "Advanced Collective and Individual of the Anti-Money Laundering in Financial Industry".
China Postal Savings Bank won the "2011 UnionPay Card Interbank Transaction Quality Excellence Award", "2011 The Best Bank for Standardization of UnionPay Card Standards" and "Cooperation and Win-Win Brand Contribution Award" (2002-2012) issued by China UnionPay.
China Post Savings Bank (Yanbian Park Road Sub-branch in Jilin Province and Dujiangyan Sub-branch in Sichuan Province) was awarded the title of "Top 100 Demonstration Units of Civilized and Standardized Service in China's Banking Industry" for the first time.
China Postal Savings Bank has introduced eight systems, including the basic operating rules for the company's credit business, and completed the transformation of the company's credit business approval system.

Honor from China Postal Savings Bank

In the ranking of the "Top 1000 Global Banks in 2015" by the British "Banker" magazine, PBC ranked 23rd by total assets and 54th by Tier 1 capital.

China Post Savings Bank Corporate Incident

On January 11, 2019, the Lishui Regulatory Branch of the China Banking and Insurance Regulatory Commission recently released administrative penalty information showing that the Songyang County Sub-branch of the China Postal Savings Bank was fined RMB 250,000 for credit funds flowing into the housing market. [16]

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