Why did the Postal Savings Bank of China launch Postal Savings Bank?

The reason is to improve the efficiency of financial services, reduce the cost of financial services, increase the supply of financial services for "agriculture, rural areas and farmers" and be efficient.

On June 30, China Post Bank Huiwan Bank Co., Ltd., a wholly-owned subsidiary of the Postal Savings Bank of China, held an opening kick-off meeting to announce its official opening and product launch. Liu Aili, Chairman of China Post Group Co., Ltd., delivered a speech at the launch meeting, announcing the opening of Postal Savings Bank and launching the first loan disbursement; Postal Savings Bank management members attended, Postal Savings Bank President Liu Jianjun and Vice President Shao Zhibao respectively. Hosted at the Beijing and Shanghai venues; Liang Shidong, Chairman of Youhui Wanjia Bank, delivered a report speech.

Exploring a new model of serving rural revitalization

Liu Aili said that as a holding subsidiary of China Post Group, the Postal Savings Bank must improve its political position, bear in mind the "greatest of the country", and resolutely implement The Party Central Committee and the State Council have made decisions and arrangements to adhere to the origin of financial services for the real economy, based on China Post's own resource endowment, benchmarking high-quality development requirements, accelerating the reform and innovation of inclusive finance, and promoting a virtuous cycle and healthy development of the economy and finance. The establishment of Postal Savings Bank is an important step for Postal Savings Bank to actively implement financial reform requirements and accelerate digital transformation. Youhui Wanjia Bank must resolutely implement regulatory requirements and truly embark on a digital development path that serves "agriculture, rural areas and farmers", small and micro businesses, and the real economy.

Liu Aili pointed out that serving rural revitalization is the political responsibility of China Post to implement the strategic deployment of the Party Central Committee. It is also the social responsibility of fulfilling the responsibilities of a central enterprise and promoting the prosperity of the country. It is also the need for its own survival and development. . The establishment of Postal Benefit Bank is an important practice for China Post to implement new development concepts, adhere to innovative development, seize opportunities in the digital economy and digital industry, and cultivate new development momentum; it is also an important practice for China Post to strengthen coordinated development, give full play to the advantages of a wide range of postal services, and help It is the central enterprise's responsibility for rural revitalization; it is also an active exploration of the Postal Savings Bank to adhere to open development and create a digital ecological bank that is connected and interoperable with many partners and integrates most win-win.

Liu Aili emphasized that Youhui Wanjia Bank must adhere to the leadership of party building, strengthen the party’s leadership over financial work, strengthen overall concepts, systematic thinking, and forward-looking awareness, and ensure that reform and development always move in the right direction.

It is understood that Youhui Wanjia Bank has the mission of "serving the 'agriculture, rural areas and farmers', assisting small and micro enterprises, and benefiting the public", with the goals of collaboration, connection, and innovation, and strives to build advanced financial technology and With intelligent risk control capabilities, we actively promote the collaborative construction of scenario ecology and the integration of online and offline channels to create a light smart bank, focusing on building four major business platforms: scenario finance, inclusive credit, mass wealth and digital countryside.

Postal Huiwan Bank has the advantage of synergy with Postal Group and Postal Savings Bank. As a large central enterprise with a century-old history, the Postal Group is mainly engaged in universal services, express logistics, financial services, rural e-commerce, etc. Postal Savings Bank is positioned to serve "agriculture, rural areas and farmers", urban and rural residents, and small and medium-sized enterprises, and is committed to building a first-class large-scale retail bank. Data show that as of the end of March 2022, the total assets of the Postal Savings Bank exceeded 13 trillion yuan; it has nearly 40,000 business outlets, 70% of which are located in counties and below; and serves more than 640 million individual customers, including More than 400 million households are distributed in counties and below-county areas.

It is understood that Postal Huiwan Bank will establish a collaborative development model with Postal Group and Postal Savings Bank to better meet the diverse and multi-level financial needs of county areas. Relying on synergy advantages and financial technology empowerment, Youhui Wanjia Bank will embed financial services into daily production and life scenarios, improve financial service efficiency, reduce financial service costs, increase the supply of "agriculture, rural areas and farmers" financial services, and serve customers efficiently and accurately.