What does Postal Savings Bank’s good start in 2017 mean?

Postal Savings Bank's good start in 2017 refers to the postal bank's first quarter marketing season in 2017, which implements tiered marketing based on customer asset classification, integrates credit, company, and personal finance resources to achieve coordinated marketing. Through cluster development, we jointly market upstream and downstream customers in the trade and wholesale category; we focus on absorbing residents' deposits through flexible and diverse methods by being close to customer needs; we carry out activities to increase the credit card activation rate, etc.

China Postal Savings can be traced back to the postal savings business launched in 1919, which has a history of more than 100 years. In March 2007, on the basis of reforming the original postal savings management system, Postal Savings Bank of China Co., Ltd. was officially established. In January 2012, the company was restructured into a joint stock limited company. In December 2015, ten domestic and foreign strategic investors were introduced. In September 2016, it was listed on the Hong Kong Stock Exchange. In December 2019, it was listed on the Shanghai Stock Exchange and successfully completed the three-step reform goal of "shareholding reform - leading to war - listing in A and H places".

The Bank has nearly 40,000 business outlets and serves more than 600 million individual customers. It leverages the unique advantages of its “self-operated agency” model to serve “agriculture, rural areas and farmers”, urban and rural residents, and small and medium-sized enterprises. The Bank has excellent asset quality and significant growth potential, and is China's leading large-scale retail bank.

The Bank insists on serving the real economy, actively implements national strategies and supports the construction of China’s modern economic system, and achieves its own sustainable development. Adhere to customer-centeredness, build a financial service system that is interconnected and integrated online and offline, and provide customers with high-quality, convenient and efficient comprehensive financial services. We adhere to the risk-based approach and continue to improve the construction of a “comprehensive, full-process, all-staff” comprehensive risk management system, and asset quality continues to maintain an excellent level. Adhere to the mission of "inclusive urban and rural areas, so that there is no distance between financial services" and provide inclusive financial services; comply with the trend of residents' wealth growth and consumption upgrading, develop wealth finance; support the transformation and upgrading of industrial structure, develop industrial finance; implement carbon peak, carbon Neutralize major deployments and develop green finance. Use financial technology to empower high-quality development and create a digital ecological bank that serves rural revitalization and new urbanization.

After 14 years of hard work, the Bank’s market position and influence have become increasingly evident. Fitch and Moody's have respectively assigned the bank A and A1 ratings that are consistent with China's sovereignty. S&P Global has assigned the bank an A rating, S&P Ratings has assigned the bank an AAAspc rating, and China Chengxin International has assigned the bank an AAA rating. The outlook for both is Stablize. In 2021, the Bank ranked 15th in the "Top 1000 Global Banks" by the British "Banker" magazine.

Facing a period of strategic opportunities with great potential for China’s economic and social development, the Bank will base itself on the new development stage, implement new development concepts, serve the new development pattern, comprehensively deepen reform and innovation, and strive to build a bank with distinctive characteristics and trustworthy by customers. A first-class large-scale retail bank that is sound, safe, innovation-driven and offers excellent value.