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Postal Savings Bank of China Co., Ltd. (1658.HK)

HKSE - HKSE Delayed Price. Currency in HKD
5.290-0.100 (-1.86%)
At close: 04:08PM HKT
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Postal Savings Bank of China Co., Ltd.

No. 3 Financial Street
Xicheng District
Beijing 100808
China
86 10 6885 8158
https://www.psbc.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees175,009

Key Executives

NameTitlePayExercisedYear Born
Mr. Jianjun LiuPres & Exec. DirectorN/AN/A1965
Mr. Xinzhuang NiuChief Information Officer134.88kN/A1976
Mr. Xueming XuVP100.4kN/A1967
Mr. Xuewen ZhangVP & Exec. Director105.05kN/A1962
Ms. Hong YaoVP & Exec. Director100.69kN/A1966
Mr. Shidong LiangChief Risk Officer134.58kN/A1977
Mr. Chunye DuVP & Joint Company Sec.97.25kN/A1977
Mr. Yucheng LiuGen. Mang. of Fin. & Accounting DepartmentN/AN/AN/A
Lina LiuVice-Gen. Mang. of Wealth ManagementN/AN/AN/A
Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

Postal Savings Bank of China Co., Ltd., together with its subsidiaries, provides various banking products and services for retail and corporate customers in the People's Republic of China. Its Personal Banking segment offers savings products, such as demand, time, personal call, time/demand optional, and foreign currency deposits; passbooks; certificate of deposits; micro, personal pledged, and personal business loans; debit and credit cards; wealth management products and funds; and insurance agency services. This segment is also involved in distribution of fund products, electronic bonds, and precious metals; and provides payment and collection agency, various settlement, domestic remittance and exchange, cross-border remittance, personal exchange settlement and sale, and foreign currency exchange services. The company's Corporate Banking segment provides time, demand, call, and negotiated deposits; working capital, fixed asset, trade finance, stock pledge, land reserve, syndicated, real estate development, property mortgage, and consignment loans; cash management services; negotiable instruments; trade finance and international settlement services; and financial markets services. Its Treasury segment offers interbank lending transactions, repurchase and resale transactions, debt instrument investments, equity instrument investment, investment banking, bond securities, and wealth management products, etc., as well as trades in financial products comprising money market, fixed income, and foreign exchange products, as well as derivatives and precious metals. The company also provides online, mobile, and self-service banking services. As of December 31, 2021, it had 39,603 outlets, including 7,828 directly operated outlets and 31,775 agency outlets. The company was founded in 2007 and is headquartered in Beijing, the People's Republic of China. Postal Savings Bank of China Co., Ltd. is a subsidiary of China Post Group Corporation.

Corporate Governance

Postal Savings Bank of China Co., Ltd.’s ISS Governance QualityScore as of October 1, 2022 is 6. The pillar scores are Audit: 3; Board: 7; Shareholder Rights: 7; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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