Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
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

Xinhua Silk Road Database
News for Outlets

Postal Savings Bank of China A-shares included into stocks tracked by major stock indexes

June 02, 2020


Abstract : 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.

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, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Postal Savings Bank of China SSE 50 Index CSI 300 Index CSI 100 Index

Reading:

China releases master plan for Hainan free trade port

China amends rules to allow securities firms to issue subordinated bonds

China's Industrial Bank arranges RMB30bln special loans to enhance support for manufacturing

Xiaomi-backed consumer finance company approved to open in Chongqing

S. China's Hainan province issues 3rd batch local government bonds of RMB17.35 bln

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

Ask Us A Question belt & road login close

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

Identifying code 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 silkroadweekly@xinhua.org 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