Postal Savings Bank of China Co., Ltd.

China's postal savings can be traced back to the postal savings business established in 1919, and has a history of 100 years. In March 2007, China Postal Savings Bank Co., Ltd. was established on the basis of reforming the original postal savings management system. In January 2012, the Bank was restructured as a company limited by shares. The Bank was listed on the Hong Kong Stock Exchange in September 2016 and on the Shanghai Stock Exchange in December 2019. The Bank has nearly 40,000 business outlets, serving more than 650 million individual customers. It is positioned to serve the “three rural areas”, urban and rural residents, and small and medium-sized enterprises. Relying on the unique model and resource endowment of “ownership+agency”, the Bank is committed to providing services to the most dynamic customer groups in China's economic transformation and accelerating the transformation to a new retail bank driven by data, channel collaboration, batch and zero linkage, and efficient operation. The Bank has excellent asset quality and significant growth potential, and is a leading large retail bank in China. The Bank insists on serving the real economy, actively implementing national strategies, and actively fulfilling social responsibilities. Adhere to the customer as the center, build an online and offline interconnected and integrated financial service system to provide customers with high-quality, convenient and efficient comprehensive financial services. Adhere to risk-based, adhere to a prudent and prudent risk appetite, comprehensively enhance risk leadership capabilities, and continuously improve the “comprehensive, full, and full staff” comprehensive risk management system. Adhere to the business philosophy of “understanding the market and being one step ahead”, be brave in innovation and transformation, deepen capacity building, and achieve our own high-quality development. Since its establishment 16 years ago, the Bank's market position and influence have become more and more prominent. Fitch and Moody's respectively gave the Bank an A+ and A1 ratings consistent with China's sovereignty; S&P Global gave the Bank an A rating; the S&P Credit Rating gave the Bank an AaAsPC rating; and China Chengxin International gave the Bank an AAA rating. The outlook is stable. In 2023, the Bank's Tier 1 capital ranked 12th in “The Banker” (TheBanker) magazine's “Global Top 1000 Banks” ranking. Facing new strategic opportunities for China's development, the Bank thoroughly implements the new development concept, closely follows the theme of high-quality development, adheres to the general tone of steady progress, comprehensively deepens reform and innovation, accelerates characteristic, integrated, lightweight, digital and intensive transformation and development, resolutely carries out the economic, political and social responsibilities of major state-owned banks, continuously improves the quality and efficiency of serving the real economy, focuses on improving customer service capabilities, and strives to become a first-class large-scale retail bank with outstanding customer trust, stable and secure, innovation-driven, and excellent value.