On December 27, the first large state-owned bank and the third approved direct bank in China disclosed the news that it was approved to open business.
On December 27, Postal Savings Bank Of China Co.Ltd(601658) announced that it had recently received a reply from the CBRC that the bank’s direct banking subsidiary, China Post HuiWanjia Bank Co., Ltd. (hereinafter referred to as post Huiwanjia bank) had been approved to open business.
According to caijing.com, at present, only three banks in China have been approved to prepare for the establishment of direct selling banks, the earliest of which is CITIC Baixin bank in 2017. After a lapse of four years, China Merchants Bank Co.Ltd(600036) and Postal Savings Bank Of China Co.Ltd(601658) successively announced that the preparation for the establishment of direct selling banks, China Merchants Bank and postal Huiwanjia bank have been subject to regulatory approval. The postal HuiWanjia Bank approved to open this time is the first independent legal person direct selling bank among large state-owned banks.
The announcement disclosed that the registered capital of postal huiwan bank is 5 billion yuan, the registered place is Shanghai, and its business scope is: absorbing public deposits, mainly deposits from individuals and small and micro enterprises; It mainly provides short-term, medium-term and long-term loans to individuals and small and micro enterprises; Handle settlement outside China through electronic channels; Handle electronic bill acceptance and discount; Issuing financial bonds; Buying and selling government bonds and financial bonds; Engage in interbank lending; Buying and selling foreign exchange; Engage in bank card business; Acting for collection and payment of funds and insurance business; Other businesses approved by the banking regulatory authority under the State Council.
According to the public information, Postal Savings Bank Of China Co.Ltd(601658) issued the announcement of Postal Savings Bank Of China Co.Ltd(601658) on foreign investment and establishment of subsidiaries on December 21, 2020. According to the announcement, Postal Savings Bank Of China Co.Ltd(601658) plans to invest 5 billion yuan to wholly initiate the establishment of a direct bank subsidiary, with a shareholding ratio of 100%, and plans to operate and manage as a first-class wholly-owned subsidiary.
At that time, Postal Savings Bank Of China Co.Ltd(601658) said that postal Huiwanjia bank aims to explore the innovative business model of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) coordinated development, implement the National Rural Revitalization Strategy Based on scientific and technological means, inclusive concept and market operation, practice the development mission of “serving ‘agriculture, rural areas and farmers’, helping small and micro enterprises and benefiting the public”, and create financial services for rural revitalization Technology is an innovative connection platform for a better life.
(caijing.com)
