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China Post’s agency financial service gains deposit increases by 900 billion yuan this year
China Post’s agency financial service gains deposit increases by 900 billion yuan this year
|China Post News|2023-11-21

Focusing all their efforts on the cross-year special marketing campaign of postal finance, postal branches at all levels across China went all out in the first phase of the campaign, and successfully increased their savings deposit balance and revenues. By November 15, China Post’s agency financial service had gained deposit increases by 906.3 billion yuan (about 126.70 billion US dollars) this year, of which the incremental value deposits amounted to 858.3 billion yuan (about 119.99 billion US dollars), accounting for 94.7 percent. The total savings deposit balance reached 9.6 trillion yuan (about 1.34 trillion US dollars), hitting a record high.

Provincial postal branches of Jiangsu, Shandong, Henan, Zhejiang, Hubei, Guangdong, Anhui, Sichuan, Hunan and Jiangxi temporarily ranked the top 10 in terms of the savings deposit increases this year. With regard to the annual increase rate of savings deposits, the top 10 provincial postal branches were temporarily Ningxia, Gansu, Jiangxi, Zhejiang, Qinghai, Jiangsu, Henan, Shandong, Beijing and Hubei. Nanyang of Henan province, Nantong and Nanjing of Jiangsu province, Wuhan of Hubei province, Linyi of Shandong province, Yancheng of Jiangsu province, Zhumadian and Shangqiu of Henan province, Changzhou of Jiangsu province and Heze of Shandong province ranked temporarily the top 10 city-level postal branches with respect to deposit increases this year.

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