Postal Savings Bank Plans to Establish China Postal Financial Asset Investment Co. with RMB10 Billion Capital

Stock News
07-16

Postal Savings Bank of China (601658.SH) announced plans to invest RMB10 billion from its own funds to establish China Postal Financial Asset Investment Co., Ltd. (tentative name pending regulatory approval). This initiative aligns with the "Administrative Measures for Financial Asset Investment Companies (Trial)" framework. The investment represents a strategic response to national priorities for technological advancement, enhancing the bank's comprehensive service capabilities while advancing five key financial priorities. This move aims to strengthen technology finance capabilities, bolster support for innovation-driven enterprises and private businesses, accelerate new quality productive forces development, and reinforce the bank's role in serving the real economy.

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