It looks to be a bank China setup specifically to help national development under the China Post umbrella (post office). And the convinced the bank loaning money to their customers would help in this area. Seems similar to US helping farmers with fsa loans.
“Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural[1] and low income customers. As of December 31, 2017, PSBC has 39,798[2] branches covering all regions of China.
PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 billion in deposits and the second largest number of branches, after the Agricultural Bank of China.
During the Global Financial Crisis, the government took several measures to spread its national economic stimulus plan specifically to rural areas. This included using microfinance services provided by the Postal Savings Bank as a tool for national development and poverty reduction. The bank with its extremely broad reach also assists China’s credit cooperatives in their microcredit schemes. “
“Kiwa and the China Post Savings Bank have reached a mutual understanding to support commercial loans for Kiwa’s fertilizer clients. The loans from the Postal Savings Bank to Kiwa’s customers will help the Company in a variety of ways. The company expects sales to increase and also expects to collect payment from sales within a much quicker time frame in 2020. “
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