trending Market Intelligence /marketintelligence/en/news-insights/trending/xU-NQyMBLPi6wWG64do4bA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Postal Savings Bank of China wealth management unit to commence operations

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Postal Savings Bank of China wealth management unit to commence operations

Postal Savings Bank of China Co. Ltd. received approval from the China Banking and Insurance Regulatory Commission to commence operations at its wealth management subsidiary.

The unit, PSBC Wealth Management Co. Ltd., has a registered capital of 8 billion yuan. It will specialize in the issuance of publicly offered wealth management products and privately offered wealth management products, wealth management advisory and consultancy services and other relevant asset management businesses.

Following the approval, Postal Savings Bank of China said it will implement the relevant procedures to prompt the commencement of the unit's operations.

As of Dec. 4. US$1 was equivalent to 7.05 Chinese yuan.