The Postal Savings Bank of China has already stunned the market with its remarkable ascent since its establishment in 2007. Now, talks of an initial public offering, sustained growth and diversification of its business are making the bank's extraordinary rise even more impressive. Stefania Palma explores these new developments.
Asia-Pacific
Latest articles from China
Shanghai tops Chinese ranking of finance centres for inward FDI
July 1, 2015Shanghai is China’s biggest international financial centre in terms of inflows of foreign direct investment, while Beijing tops the table for outflows.
Tough at the top for China
July 1, 2015China's rise to the economic ascent will not be without its hiccups, as the country must negotiate the transition from an investment- to a consumption-driven economic model and put its local government expenditures into check.
Top 1000 World Banks – China’s banks show no signs of slowdown
June 29, 2015ICBC, China Construction Bank, Bank of China and Agricultural Bank of China are top 10 global lenders and continue to dominate the country listing.
Asian Infrastructure Investment Bank: China’s superpower vehicle or a harmonious Asian programme?
April 27, 2015The Asian Infrastructure Investment Bank has the potential to reallocate both Chinese and Western savings into projects that will boost the global economy and satisfy China's aspirations for a leadership role.
China's new tech-savvy banks: how private lenders could threaten the status quo
April 1, 2015The banking licences being granted to private companies in China look set to shake up the country's financial sector, with its 'big four' lenders coming under pressure from tech-savvy newcomers with a strong customer network, such as Alibaba and Tencent.
Is private banking shifting from Switzerland to Hong Kong and Singapore?
February 2, 2015As the wealth of Asia-Pacific's high-net-worth individuals continues to swell, so too does the size and reputation of the region's private banking industry. This is leading to speculation about whether its two main hubs – Singapore and Hong Kong – may be growing to such status that one day they will replace Switzerland as the global private banking capital.
Top 100 banks in China: defying the slowdown
December 1, 2014Chinese banks are the strongest and most profitable in the world, but they have to deal with a serious economic slowdown.
Citi rides the Asian tiger
December 1, 2014With global expansion focused on the Asia-Pacific region, Citi is uniquely positioned to take advantage of this growth, with its long presence in the region. Its chief executive in the region talks to Stefania Palma.
Hong Kong retains competitive advantage
November 3, 2014Hong Kong’s banks are unfazed by the student protests that have captured the world’s attention. Bankers remain upbeat about prospects for the continuing internationalisation of the renminbi, the maturing dim sum market and Hong Kong’s inclusion in China’s growth plans.