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Postalvings Bank Of China Co (HKSE:01658) Accounts Payable & Accrued Expense for Financial Companies


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What is Postalvings Bank Of China Co Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Postalvings Bank Of China Co (HKSE:01658) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (HKSE:01658) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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Address
248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG
Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.