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What is the relationship between China Postal Savings Bank and the post office?

Postal Savings Bank is a subsidiary of China Post Group.

Postal Savings Bank is only a financial branch of China Post and a banking financial institution. China Postal Savings Bank was formally established on March 20th, 2007. It is a commercial bank established on the basis of the reform of postal savings management system.

Extended data:

China Post Group Corporation is an authorized investment institution in the State Council, and undertakes the obligation of maintaining and increasing the value of state-owned assets. The Ministry of Finance is the state-owned assets management department of China Post Group Corporation. With the approval of the State Council, since May 1 2065438, China Post Group Company has changed from the current two-level corporate system of the head office to the first-level corporate system of the head office, and established postal branches in all provinces, autonomous regions, municipalities directly under the Central Government, cities and counties in China.

China Post Group Corporation's main business: domestic and international mail delivery business; Domestic and international parcel express service; Distribution of newspapers, books and other publications; Stamp issuing business; Postal remittance business; Secure communication service; Postal financial services; Postal logistics business; E-commerce business; All kinds of postal agency business; Other businesses stipulated by the state.

China Postal Savings Bank inherited the postal finance business operated by the former State Post Bureau and China Post Group Corporation and the assets and liabilities arising therefrom, and continued to engage in the business approved by the original business scope and business license documents.

References:

Baidu Encyclopedia: China Post Baidu Encyclopedia: China Postal Savings