Special deposit certificates refer to the corresponding savings deposit business handled by Postal Bank business institutions at all levels. If the amount of a single deposit is more than 100,000 (inclusive) in a lump sum or a round withdrawal, China Post needs to fill in the Special certificates of deposit for fixed-term savings in lump sums at savings banks. The upper limit of this deposit certificate is 200,000 yuan (inclusive). As for the amount exceeding the upper limit, separate accounts need to be opened.
The Postal Savings Bank can trace its history back to the postal savings business established in 1919. In March 2007, on the basis of reforming the original postal savings management system, Postal Savings Bank of China Co., Ltd. was officially established. In January 2012, the company was restructured into a joint stock limited company.
In December 2015, ten domestic and foreign strategic investors were introduced. In September 2016, it was listed on the Hong Kong Stock Exchange. In December 2019, it was listed on the Shanghai Stock Exchange and successfully completed the three-step reform goal of shareholding reform-initiating the battle-listing in A and H.
Postal savings can be traced back to the postal savings business launched in 1919, which has a history of more than 100 years. In March 2007, on the basis of reforming the original postal savings management system, Postal Savings Bank of China Co., Ltd. was officially established. In January 2012, the company was restructured into a joint stock limited company. In December 2015, ten domestic and foreign strategic investors were introduced. In September 2016, it was listed on the Hong Kong Stock Exchange. In December 2019, it was listed on the Shanghai Stock Exchange and successfully completed the three-step reform goal of shareholding reform-introduction to listing in A and H places.
The Bank has nearly 40,000 business outlets and serves more than 600 million individual customers. It leverages the unique advantages of its self-operated agency model to serve rural areas, farmers, urban and rural residents, and small and medium-sized enterprises. The Bank has excellent asset quality and significant growth potential, and is China's leading large-scale retail bank.
The Bank insists on serving the real economy, actively implements national strategies and supports the construction of China’s modern economic system, and achieves its own sustainable development. Adhere to customer-centeredness, build a financial service system that is interconnected and integrated online and offline, and provide customers with high-quality, convenient and efficient comprehensive financial services. Adhere to the risk-based approach and continue to improve the construction of a comprehensive, full-scale, all-employee risk management system, and asset quality continues to maintain an excellent level. Adhere to the mission of inclusive urban and rural areas and make financial services seamless and provide inclusive financial services; comply with the trend of residents’ wealth growth and consumption upgrading, develop wealth finance; support the transformation and upgrading of industrial structure, develop industrial finance; implement carbon peaking and carbon neutrality Major deployment to develop green finance. Use financial technology to empower high-quality development and create a digital ecological bank that serves rural revitalization and new urbanization.
After 14 years of hard work, the Bank’s market position and influence have become increasingly evident. Fitch and Moody's respectively gave the bank A and A1 ratings that are consistent with China's sovereignty. S&P Global gave the bank an A rating, S&P Ratings gave the bank an AAAspc rating, and China Chengxin International gave the bank an AAA rating. The outlook for both is Stablize. In 2021, the Bank ranked 15th among the top 1000 global banks in the British "The Banker" magazine.
Facing a period of strategic opportunities with great potential for China’s economic and social development, the Bank will base itself on the new development stage, implement new development concepts, serve the new development pattern, comprehensively deepen reform and innovation, and strive to build a bank with distinctive characteristics and trustworthy by customers. A first-class large-scale retail bank that is sound, safe, innovation-driven and provides excellent value.