xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Company

PSBC labeled as China's large state-owned commercial bank

February 15, 2019


Abstract : Postal Savings Bank of China (PSBC, 1658.HK) was announced to be China's sixth large state-owned commercial bank instead of postal savings bank, according to China Banking and Insurance Regulatory Commission (CBIRC) recently.

BEIJING, Feb. 15 (Xinhua) -- Postal Savings Bank of China (PSBC, 1658.HK) is announced to be China's sixth large state-owned commercial bank instead of postal savings bank in a document of China Banking and Insurance Regulatory Commission (CBIRC) recently.

The other five large state-owned commercial banks in China are the Bank of China (BOC), the China Construction Bank (CCB), the Agricultural Bank of China (ABC), the Industrial and Commercial Bank of China (ICBC) and the Bank of Communications (BCM).

PBSC has the largest network in China, with nearly 40, 000 outlets. According to its financial report for the third quarter in 2018, by the end of September 2018, PBSC ranked sixth among China's commercial banks with a total asset of 9.35 trillion yuan.

(Edited by Wu Shuang, [email protected], and Tong Wei, [email protected])

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial