On November 6, China Post Group Corporation Limited (China Post) signed a strategic cooperation framework agreement with China Mobile Communications Group Co., Ltd. (China Mobile).

According to the agreement, the two sides will deepen cooperation based on the principle of “equality and mutual benefit, win-win cooperation and common development”, complement each other with their own strengths and promote resource sharing on the basis of their respective core competitiveness. They will place emphasis on in-depth cooperation in basic communications, 5G plus smart Post, financial business, express and logistics, consortium and state-funded projects, channel collaboration, membership system as well as marketing communication. The two sides will establish a long-term strategic cooperative partnership, and seek in-depth collaboration through cross-border cooperation. Under the guidance of the strategic cooperation framework agreement, China Mobile, as the second largest shareholder of the Postal Savings Bank of China (PSBC), will join hands with PSBC in rural revitalization, new financial infrastructure, financial technology, communications plus finance ecosystem, finance and investment, industrial chain finance and fulfilment of the country’s “dual carbon” goals. They will strongly support the development of both sides, and better serve the society and people’s livelihood through convergence of technology, data and channels.