Study On Development Strategy Of Postal Savings Services In Our Country

By the postal networks which extend all over the country, Chinese postal savings has been providing financial services, such as deposit and exchange, for people both in city and country since it was established in 1986. In the end of 2005, with a deposit exceeding 1300 billions Yuan and a market share of 9.56%, Chinese postal savings became the fifth largest financial institution in china in the scale of deposit, only inferior to the Industrial and Commercial Bank of China, the Bank of China, the China Construction Bank and the Agricultural Bank of China. It has more than 36, 000 branches, 70% of which are in rural areas.Since entering the 21st century, the government, People's Bank of China and China Banking Regulatory Commission has been considering and studying the development of the postal savings. With China's entry into the WTO and the financial market becoming more liberalized and the reform of the state finance deeper, the four largest state commercial banks are carrying out the systematic reformation of modern enterprise. Then questions, such as where the postal savings will go and how to perfect the function and duty of the central bank, etc. are emerging day by day. Now the conditions are all ready, it's time to reform the postal savings.On July 25th, 2005, "Chinese Post System Reform Scheme" was passed in principle in the 99th State Department Standing Committee. According to the scheme, the main content of Chinese postal savings reform is as follows: on the foundation of Chinese post network, divide postal savings from Chinese post, and under the financial institution reform direction, set up Chinese post bank, and Chinese post act as it's holding company. Post bank manages all postal savings services. Then we can achieve the standardization management of financial services.This paper deals with mainly three points.First of all, it studies the status quo and the trends of the postal savings in abroad. By learning from the successful practice in development and reform of the postal savings in abroad, I summarize the experience that could be used for reference by Chinese postal savings. This paper works over the system arrangement and the theory foundations of Chinese postal savings, and analyses the formation and development of the postal savings system in detail. This paper probes into the changes that the reform of Chinese post system and postal savings will bring to the current postal savings system.