The Shanghai Branch of the Postal Savings Bank of China (PSBC) recently signed a strategic collaboration agreement with Yihaodian Store, China's first online supermarket business website (www.yhd.com) which was launched in 2008.
According to the agreement, PSBC will launch a series of low-cost, convenient financial service products which require no mortgages and no guarantees, to meet the huge financial demand of Yihaodian’s supply chain businesses and companies.
The launch of supply chain financial service products by PSBC will be a breakthrough for PSBC in developing its Internet financial business.
The signing ceremony of the agreement was held on March 13. Vice director of PSBC Shao Zhibao attended the signing ceremony.