On June 17, the corporate wealth management business of the Postal Savings Bank of China (hereinafter referred to as PSBC) surpassed the threshold of 100 billion yuan, reaching a volume of 101.8 billion yuan (about 13.99 billion US dollars), with an annual increase of 22.5 billion yuan (about 3.09 billion US dollars).

Since it established a multi-level coordination service mechanism in collaboration with PSBC Wealth Management in 2020, the Corporate Finance Department of PSBC has dug deep into customers’ diversified needs for wealth preservation and appreciation. Over the past four years, its business scale has soared from 20 billion yuan (about 2.75 billion US dollars) to 100 billion yuan (about 13.74 billion US dollars), with a compound growth rate of 50 percent. The number of its customers has increased from 3000 to over 25000, with a compound growth rate of 70 percent. The Corporate Finance Department has also established long-term cooperative relations with customers having abundant funds but no loans. Collaborating with PSBC Wealth Management through non-credit asset business, the Corporate Finance Department has satisfied the complex investment and financing needs of the clients, with the value of such projects reaching 29.6 billion yuan (about 4.07 billion US dollars), and winning 85 clients for comprehensive services.