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Does the Postal Savings Bank work?
China Postal Savings Bank is a large retail commercial bank in China, which was established on March 6, 2007 and headquartered in Xicheng District. Formerly known as Postal Savings Bureau; In 20 16, the Postal Savings Bank was successfully listed on the main board of the Hong Kong Stock Exchange. Mainly engaged in banking and financial services. In July, 20021,the Postal Savings Bank decided to donate 20 million yuan to Henan to support local disaster relief and post-disaster reconstruction.
Is the Postal Savings Bank a state-owned bank? Postal Bank is a state-owned bank. Postal Bank is the abbreviation of China Postal Savings Bank. It is a state-owned financial institution and a subsidiary of China Post Group Corporation. China Post Group Corporation is a central state-owned enterprise in China, which means that China Postal Savings Bank is not directly affiliated to the State Council or SASAC, but a subsidiary of the central enterprise.
Postal Savings Bank is a subordinate enterprise of China Post, a central enterprise, and belongs to a commercial bank. Commercial bank: 1. Commercial bank, abbreviated as cb in English, has a popular network homonym "save it", which means storage bank; 2. The concept of commercial bank is different from that of central bank and investment bank. It is a financial institution that aims at making profits, raises funds with various financial liabilities, operates with various financial assets and has the function of creating credit; 3. General commercial banks have no right to issue currency. Traditional commercial banks mainly operate deposits and loans (lending), that is, borrowing deposits at lower interest rates and lending them at higher interest rates. The deposit-loan spread is the main profit of commercial banks; 4. The main business scope of commercial banks includes absorbing deposits from the public, enterprises and institutions, issuing loans, discounting bills and intermediary business. Commercial banks are savings institutions, not investment institutions.
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