Postal Savings Bank of China (601658.SH) plans to contribute 10 billion yuan to establish Zhongyou Financial Asset Investment Co., Ltd.

The China Fortune Financial News APP announced that Postal Savings Bank of China (601658.SH) has issued a notice, stating that the company plans to invest RMB 10 billion with its own funds as the investment entity to initiate the establishment of China Post Financial Asset Investment Co., Ltd. (tentative name, final name subject to approval by relevant regulatory agencies and market supervision departments) according to the "Regulations on the Administration of Financial Asset Investment Companies (Trial)".