Does China Post Finance belong to China Postal Savings Bank?

The financial management of China Post belongs to China Postal Savings Bank. China Post Wealth Management Co., Ltd. (hereinafter referred to as "China Post Wealth") is a financial subsidiary of commercial banks approved by China Banking and Insurance Regulatory Commission, and initiated by China Postal Savings Bank. China Post Finance is the last financial subsidiary of a large state-owned commercial bank.

Postal savings in China can be traced back to the postal savings business started in 19 19, which has a history of one hundred years. In March 2007, on the basis of reforming the original postal savings management system, Postal Savings Bank of China Limited was formally established.