BEIJING, June 2 (Xinhua) – A-shares of Postal Savings Bank of China (PSBC; 601658.SH, 01658.HK), one of China's large state-owned banks, were put into the basket of stocks tracked by China's major stock market indexes including SSE 50 Index, CSI 300 Index and CSI 100 Index, reported Xinhua Finance, a financial news platform run by Xinhua News Agency.
The inclusion, which was announced by Shanghai Stock Exchange (SSE) and its joint venture with Shenzhen Stock Exchange -- China Securities Index Co., Ltd. (CSI) on Monday, will formally take effect from June 15.
PSBC went public on bourses both in Shanghai and Hong Kong. Since its listing on the Hong Kong market in September 2016, the company's stocks have been contained into assets tracked by the Hang Seng Global Composite Index, Hang Seng Composite Index, Hang Seng China Enterprises Index, MSCI indexes and SSE indexes.
By the end of MarchPSBC had nearly 40,000 business units in about 99 percent cities and counties across China; its individual clients numbered over 600 million, accounting for around 40 percent of the Chinese population; its assets totaled 10.80 trillion yuan, ranking the fifth among China's banking institutions. (Edited by Duan Jing with Xinhua Silk Road, email@example.com)