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Postal Savings Bank of China: China Post Investment Approved to Commence Operations with Registered Capital of 10 Billion Yuan
People’s Financial News, March 20 — Postal Savings Bank of China (601658) announced on March 20 that recently, the bank received the approval from the National Financial Regulatory Administration for the establishment of China Post Financial Asset Investment Co., Ltd. According to the approval, China Post Financial Asset Investment Co., Ltd. (referred to as China Post Investment), which is being set up by Postal Savings Bank, has been approved to commence operations. China Post Investment has a registered capital of 10 billion RMB and is registered in Beijing.