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Postal Savings Bank of ChinaChina
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Created on: 2020-07-01 15:07:20
Last update: 2022-03-04 10:28:38

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A branch of Postal savings Bank of China. Photo: Edouardlicn via Wikimedia Commons (CC BY SA 3.0)

About Postal Savings Bank of China

Postal Savings Bank of China (also known as PSBC) is a commercial retail bank founded in 2007 and headquartered in Beijing. Its origins date back to 1919 when the Postal Savings Bureau, the predecessor of China Post Savings, was established. PSBC provides basic financial services, especially to small and medium-sized enterprises, rural and low income customers. The bank has close to 40,000 branches covering all regions of China and serves nearly 600 million customers.

Website http://www.psbc.com/cn/index.html
Headquarters
No. 131 Xuanwumen West Street, Xicheng District
100808 Beijing
China
CEO/chair Lyu Jiajin
Executive Director, President
Supervisor
Central Bank of the Republic of China (Taiwan)
Annual reports CSR Report 2020
Annual report 2020
Ownership
listed on Hong Kong Stock Exchange

PSBC's shareholder structure can be accessed here.

Complaints and grievances

PSBC lists (in its Annual report 2019) a Hotline for customer services and complaints: (+86)-95580.

Related Dodgy Deals

Postal Savings Bank Of China has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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blog
external news
our news

CBIRC releases the Green Finance Guidelines for Banking and Insurance Sectors

2022-06-02 | China Banking and Insurance Regulatory Commission
blog
external news
our news

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
blog
external news
our news

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

CBIRC penalises state-owned financial institutions and subsidiaries

2021-01-11 | Regulation Asia
blog
external news
our news

IFC watchdog investigates Postal Savings Bank of China over loan for Indonesian mine

2020-07-27 | South China Morning Post

Documents

Type:
Year:
our publications
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
ngo documents
2023-01-23 00:00:00

Who is Who No. 3 - Chinese commercial banks: an NGO guide

2023-01-23 00:00:00 | Urgewald
our publications
2022-09-12 00:00:00

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3 (Chinese version)

东非原油管道:金融风险简报(更新三)
2022-09-12 00:00:00 | BankTrack
our publications
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
annual reports
2021-07-06 00:00:00

CSR Report 2020

2021-07-06 00:00:00 | Postal Savings Bank of China
annual reports
2021-06-15 00:00:00

Annual report 2020

2021-06-15 00:00:00 | Postal Savings Bank of China
annual reports
2020-08-01 00:00:00

CSR report 2019

2020-08-01 00:00:00 | PSBC
annual reports
2020-08-01 00:00:00

Annual report 2019

2020-08-01 00:00:00 | PSBC
annual reports
2020-07-15 00:00:00

CSR Report 2018

2020-07-15 00:00:00 | PSBC

Policies

Voluntary standards

Postal Savings Bank of China has committed itself to the following voluntary standards:
  • Global Reporting Initiative
  • Principles for Responsible Banking (PRB)

Investment policies

Postal Savings Bank of China does not have publicy available investment policies. The bank's web page on corporate social responsibility only lists its most recent annual csr reports.

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