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introduction of the postal savings bank of china(by chen ying)

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2. Organization Structure (1)The Postal Savings Bank <strong>of</strong> China(“PSBC”) was incorporated in March2007, succeeding <strong>the</strong> <strong>the</strong> former PostalSavings and Remittance Bureau <strong>of</strong> <strong>the</strong>State Post Bureau. It is headquartered inBeijing, being a state-owned commercial<strong>bank</strong> and a 100% subsidiary company <strong>of</strong>China Post Group.7

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