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PSBC to Cooperate with UBS
PSBC to Cooperate with UBS2017-01-18

General Manager of China Post Group and President of Postal Savings Bank of China (PSBC) Li Guohua met with a delegation led by Chairperson of Union Bank of Switzerland (UBS) Axel A. Weber on January 11 when the two parties had in-depth exchanges about operations, development plans and future cooperation.

Li acknowledged the excellent services UBS provided during the process of PSBC's public listing and summarized China Post Group and PSBC's foreign cooperation and investment. He pointed out that the group has three major business platforms -- finance, express mail and China Post -- with the finance operation including PSBC, China Post Insurance, China Post Securities and China Post Fund growing rapidly with huge potential.

With the development of e-commerce, express mail and logistics operations enjoy good growth. China Post was revitalized through an expanded scope of business and the launch of residential convenience services.

Weber outlined UBS's global business as well as the next cooperation between the two sides, and gave high praise to the achievements China Post reached. He said that UBS was willing to use global resources to carry out domestic and international cooperation with China Post Group.

As President of the Institute of International Finance (IIF), Weber invited the Postal Savings Bank of China to join the institute to promote trade exchanges and learn about the latest industry trends.

The two parties also discussed the development of financial services, express mail, international logistics, personnel training and other aspects of cooperation. They will now establish a special team to further promote strategic cooperation and strengthen exchanges.

(China Post)

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