As a large scale enterprise solely owned by the state, China Post Group
(China Post) is a capital investment body authorized by the State Council. In
accordance with national regulations, the group undertakes Universal Postal
Service obligation, offers special postal services and conducts commercial
management over competitive lines of postal businesses. It is a modern
conglomerate that operates basic postal service, financial business, express and
logistics, and e-commerce business.
China Post has under its umbrella 31 provincial (autonomous regions and
municipalities) branches, controls 4 subsidiaries (Postal Savings Bank of China,
China Post Insurance Co. Ltd, China Post Securities Co. Ltd, China Post Capital
Management Co. Ltd), 1 business unit (Parcel, Express and Logistics Business
Unit ).
By the end of 2018, China Post Group registered RMB 9.8227 trillion (USD1.46
trillion) in total assets and RMB 538 billion (USD 80.2 billion) in net assets.
It has 54,000 outlets and employs 935,200 people. In 2018, it ranked the 113th
on the Fortune Global 500 List and the 28th on the Top 500 Chinese Enterprises
List.
