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PSBC further increases financial support for Xiong'an New Area
PSBC further increases financial support for Xiong'an New Area
|China Post News|2022-04-08

As a historic project of the coordinated development of the Beijing-Tianjin-Hebei region, the construction of Xiong'an New Area has entered a significant phase of both relieving Beijing of its non-capital functions and accelerating large-scale development at the same time, with the construction of key projects moving onto the fast track. On the fifth anniversary of the founding of Xiong’an New Area, the Postal Savings Bank of China (hereinafter referred to as PSBC) issued a circular on accelerating the development of PSBC Xiong’an Branch to fully support the construction of Xiong’an New Area (hereinafter referred to as the circular). According to the circular, PSBC will actively implement the decisions and plans made by the Party Central Committee and the State Council on the in-depth promotion of the coordinated development of the Beijing-Tianjin-Hebei region, and further increase financial support for the construction of Xiong’an New Area, thereby making contributions to the construction.

The circular further clarifies the market positioning of PSBC Xiong’an Branch, and states that PSBC will give priority and preferential treatments to matters related to Xiong’an Branch, such as credit, authorization, outlets, talents and so on, so as to provide high-standard and high-quality support for the construction of Xiong’an New Area. In terms of market positioning, PSBC closely focuses on the development positioning and business characteristics of Xiong’an New Area, and aims to build Xiong’an Branch into a new force for serving the construction of a socialist modern city in the new era and an innovative demonstration bank that implements the new development philosophy, thus pushing forward the development of Xiong’an Branch with a new model and new structure. In terms of credit support, PSBC will actively follow up the construction progress of the Xiong’an New Area, give full play to its capital advantages, adjust the scale of special credit, and continue to increase credit supply for the construction of Xiong’an New Area. As to authorization, PSBC will give full play to the operational autonomy of Xiong’an Branch, allowing Xiong’an Branch to authorize special pricing and approve differentiated credit business with corporate customers. With respect to the outlet layout, PSBC will establish more outlets in the core areas of Xiong’an New Area in accordance with the future urban district planning of Xiong’an, so as to provide more financial support in serving and building the new area. In regard to comprehensive support, PSBC will strengthen its support for Xiong’an Branch through differentiated assessments, funding and appointing outstanding executives, so as to help Xiong’an Branch to better serve the construction of the new area.

Over the past five years, PSBC, actively supporting the construction of Xiong'an New Area, has been selected to join the first batch of “Supervisory Sandbox” projects approved by the People's Bank of China. It has also become the first bank to conduct non-tax payment with digital RMB on the non-tax e-notes plus blockchain system, as well as the first pilot cooperative bank of the Xiongxin platform project. In the future, PSBC will continue to take the support for the construction of Xiong’an New Area as its unshirkable responsibility, further leverage its own advantages in capital, network and specialty, continue to increase its support, and make greater contributions to the high-standard and high-quality construction of Xiong’an New Area.

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