Postal Savings Bank of China introduces strategic investors
Issue Time: 2015-09-16 Source：CEA Author：CEA
Postal Savings Bank of China (“Postal Savings Bank”) is a major bank in China that is still unlisted. Its development roadmaps can be summed up in three steps, namely the shareholding system (joint-stock) reform, the introduction of strategic investors and the initiating IPO. In early 2012, the joint-stock reform of Postal Savings Bank was completed. So far, the bank is accelerating the pace of introducing strategic investors.
After completing the restructuring appraisal of Postal Savings Bank in 2012, the Company has also undertaken the appraisal of the introduction of strategic investors of Postal Savings Bank. The project team fully took into account the Postal Savings Bank network covering urban and rural areas and its business and strategic features, like opening up the “last one kilometer” of financial services in rural areas, actively supporting “agriculture, rural areas and farmers”,, small and micro enterprises and consumer finance fields. Based on this, the team built the most appropriate appraisal model and issued a professional quality appraisal report, and passed the review of the bank’s party committee and the approval of the MOF. Postal Savings Bank praised the Company’s professional ability and sense of service once again, laying a good foundation for the subsequent appraisal of its IPO.