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Postal Saving Bank of China approved to set up wealth management unit

May 30, 2019


Abstract : Postal Saving Bank of China announced on Wednesday that it had won approval from the China Banking and Insurance Regulatory Commission to establish a subsidiary focusing on wealth management business.

BEIJING, May 30 (Xinhua) – Postal Saving Bank of China announced on Wednesday that it had won approval from the China Banking and Insurance Regulatory Commission to establish a subsidiary focusing on wealth management business.

According to a statement filed with the Hong Kong Stock Exchange, the bank will apply for the start of business after the preparatory work is completed.  (Edited by Yang Yifan, yangyifan@xinhua.org)

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Keyword: bank

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