Postal Savings Bank of China

The Postal Savings Bank of China (PSBC) is a state-owned commercial bank in China that specializes in providing banking and financial services to individuals and small businesses. It is one of the largest banks in China, with over 40,000 branches nationwide and assets of over RMB 10 trillion (approximately USD 1.4 trillion).
The history of PSBC dates back to 1919, when it was initially established as the Postal Savings Service and later renamed as the Postal Savings Bank of China in 2007. It was originally created to provide basic financial services to millions of Chinese citizens who did not have access to traditional banks.
The PSBC offers a wide range of financial products and services, including savings accounts, loans, credit cards, wealth management, and insurance. It also provides mobile and internet banking services, making it easier for customers to access their accounts and manage their finances.
PSBC is known for its extensive reach, with its presence in even the most remote and rural areas of China. It has a strong customer base of over 600 million individuals and 7 million small businesses, making it one of the most popular banking options in the country.
The bank has received numerous awards and recognition for its services, including being ranked as one of the top 1000 globally significant banks by The Banker and being named the most innovative bank in China by The Asian Banker in 2017.
PSBC strives to fulfill its mission of promoting financial inclusion and boosting economic development in China, especially in underserved areas. It also actively participates in social responsibility initiatives, such as poverty alleviation and environmental protection.
In recent years, PSBC has embarked on a digital transformation journey, leveraging technology to enhance its services and customer experience. It has also expanded its international presence, with branches and subsidiaries in countries such as the United States, Singapore, and the United Kingdom.
In 2016, PSBC went public and was listed on the Shanghai Stock Exchange, becoming one of the biggest IPOs in the world. This move further solidified its position as one of the leading banks in China.

1. History and Legacy: The Postal Savings Bank of China (PSBC) is one of the oldest and largest banks in China, tracing its roots back to 1919 when it was first established as a postal savings service.
2. Government Ownership: The PSBC is a state-owned bank, with the Chinese government being the largest shareholder. This provides the bank with strong financial backing and support from the government.
3. Wide Outreach: The PSBC has the largest network of branches among all banks in China, with a presence in almost all cities, towns, and villages across the country. This makes it an important financial institution for rural and remote areas where other banks may not have a presence.
4. Focus on Financial Inclusion: The PSBC is known for its dedication to providing financial services to underserved and low-income populations, such as farmers, migrant workers, and small businesses. This aligns with the Chinese government's goal of promoting financial inclusion and reducing income inequality.
5. Innovative Technology: The PSBC has invested heavily in technology and has been at the forefront of digital transformation in the Chinese banking industry. It was the first bank in China to introduce mobile payments, and it continues to innovate in the areas of online banking, mobile apps, and artificial intelligence.
6. Strong Financial Performance: The PSBC has consistently performed well in terms of profitability and stability. It has maintained a strong capital base, high levels of liquidity, and low levels of non-performing loans.
7. Social Responsibility: As a state-owned bank, the PSBC has a strong sense of social responsibility and has been actively involved in various charitable and community development initiatives.
8. Global Expansion: The PSBC has established partnerships with international banks and has expanded its presence beyond China, with branches in Hong Kong, London, and Frankfurt. This demonstrates its ambition to become a global financial player.