世界对中国经济有期望 对中国银行业有信心
中国邮政储蓄银行成功引进战略投资者
融资规模451亿元，中国金融企业单次规模最大的私募股权融资
The World has Hope for China’s Economy, and has Confidence in China’s Banking Industry
PSBC’s Successful Introduction of Strategic Investors
RMB 45.1Bn capital raising, the largest private placement in a Chinese financial institution
12月9日，中国邮政储蓄银行在北京举办新闻发布会宣布，在党中央、国务院的关心下，在财政部、人民银行、银监会等部委的指导下，在中国邮政集团公司的支持下，邮储银行引进战略投资者工作，已于日前正式获得银监会批准，实现了从中国邮政集团公司单一股东向股权多元化的成功迈进。
On 9th December, Postal Savings Bank of China (“PSBC”) announced through a press conference in Beijing that under the attention of the CPC Central Committee and State Council, the guidance from the Ministry of Finance, PBOC, CBRC and other Ministries and Commissions, and the support of China Postal Group, PSBC’s introduction of strategic investors has been officially approved by CBRC, and PSBC successfully achieved the transformation from a company with a single shareholder to one with a diversified shareholder base.
邮储银行综合考虑了战略协同、交易价格、财务实力、品牌影响力等因素，引进10家战略投资者。这些战投涵盖三种类型，包括6家国际知名金融机构:瑞银集团、摩根大通、星展银行、加拿大养老基金投资公司、淡马锡、国际金融公司；2家大型国有企业:中国人寿、中国电信；2家互联网企业:蚂蚁金服、腾讯。此次战略引资，全部采取发行新股方式，融资规模451亿元，发行比例16.92%。
PSBC has comprehensively considered various factors, including strategic cooperation potential, bidding price, financial strength and brand image, etc., and finally introduced 10 strategic investors. These strategic investors covers 3 types, including 6 international prestigious financial institutions: UBS, JP Morgan, DBS, CPPIB, Temasek and IFC; 2 large domestic SOEs: China Life and China Telecom; and 2 internet companies: Ant Financial and Tencent. The total capital raised from this strategic investment is RMB 45.1 Bn, accounting for 16.92% of the enlarged capital, with 100% primary shares.
据了解，邮储银行此次引进战略投资者，呈现出战投数量多、机构类型广、合作领域宽的特点。根据相关统计，本次引资是中国金融企业单次规模最大的私募股权融资，也是近五年来中国金融企业规模最大的股权融资。
It is understood that PSBC’s introduction of strategic investor process is characterized by a high number of strategic investors, various investor types and broad cooperation areas. According to relevant statistics, PSBC’s introduction of strategic investors is the largest private placement by a Chinese financial institution and the largest equity capital raising by a Chinese financial institution in the past five years.
中国邮政储蓄银行董事长李国华表示，邮储银行已迈出改革发展的关键一步，将借助成功引战的东风，持续深化改革，加快转型发展，积极培育差异化竞争优势，努力打造一家特色鲜明的一流大型零售商业银行。
Chairman Guohua Li of PSBC indicates that PSBC has already taken the key step towards reform and development and it will leverage the advantage of successfully introducing strategic investors, continue to deepen reform, accelerate transformation and development, proactively nurture differentiated competitive advantages and strive to establish itself as a unique first-class large retail commercial bank.
八年磨剑：坚持商业可持续的普惠金融发展道路
Eight-Year Endeavor: Adherence to the Principle of Inclusive Finance while Maintaining Commercially Sustainable Development
中国邮政储蓄银行于2007年3月成立，是在改革原有邮政储蓄管理体制基础上设立的一家大型国有商业银行。邮储银行的前身邮政储蓄，历史可以上溯到1919年开办的邮政储金业务和专设的邮政储金局，至今已有近百年历史。
PSBC was formally established in March 2007, and is a large state-owned commercial bank established as a result of the reform of the original postal savings system. PSBC was originally Postal Savings, and its history went back to 1919 when postal savings system established postal savings business, spanning near a century.
中国邮政储蓄银行行长吕家进表示，邮储银行自成立以来，始终坚持普惠金融理念，依托遍布城乡的网络优势，坚持服务“三农”、服务中小企业、服务社区的市场定位，与其他商业银行形成良好互补，有力支持了国民经济建设和社会发展，也实现了自身健康快速发展。
President Lv Jiajin of PSBC has expressed that since its establishment, PSBC has adhered to the principle of inclusive finance, leveraged its extensive network, and committed itself to serving “agriculture, farmers and rural areas (‘ARF’),” serving SMEs and serving the community. PSBC has formed a good complement to other commercial banks, effectively supported the nation’s economic and social development, and achieved a healthy and rapid development.
成立8年多来，邮储银行从一家经营单一负债业务的储蓄机构，转型成为一家全功能商业银行，打造了涵盖零售业务、公司业务、国际金融、金融市场、资产管理等在内的现代银行业务格局。
During the eight years since establishment, PSBC transformed from a savings institution that only operates liabilities business, to a comprehensive commercial bank, and established a modern banking business presence that encompasses retail business, corporate business, international finance, financial markets, asset management business, etc.
截至今年9月末，邮储银行拥有营业网点超过4万个，服务客户近5亿人，是全国网络规模最大、覆盖面最广、服务客户最多的商业银行；资产规模近6.8万亿元，位居中国商业银行第6位；信贷资产不良率0.82%，约为银行同业平均水平的一半；拨备覆盖率达274%，利润增长率、资本回报率等关键指标均达到银行同业优秀水平。
As of September 2015, PSBC has more than 40,000 branches and serves approximately 500 million customers and is the commercial bank with the largest branch network, broadest coverage and most customers in China; its total assets reached RMB 6.8 trillion, ranking 6th among China’s commercial banks; NPL ratio is 0.82%, approximately half of industry peer average; coverage ratio reached 274% and profit growth, return on capital and other key metrics have reached an outstanding level among peers.
观察邮储银行快速崛起，在于其一直坚守普惠金融理念，探索出了一条独具特色的大型零售银行践行普惠金融的商业可持续发展之路。同时，邮储银行持续深化改革，推动业务转型升级，稳步推进多元化战略，成立了中邮消费金融公司，积极筹备金融租赁公司，综合化经营取得良好成效。
PSBC’s rapid rising is attributable to its adherence to the principle of inclusive finance, and exploration of a unique path of commercially sustainable development for a large retail bank fulfilling inclusive finance philosophy. Meanwhile, PSBC continues to deepen reform, facilitate business transformation and upgrade, and steadily promote a diversification strategy. PSBC established China Post Consumer Finance Co Ltd. and is proactively setting up financial leasing company and its integrated operation has achieved excellent performance.
“邮储银行通过多种业务之间的相互配合、协同推进，形成良性循环，助推普惠金融发展，为客户提供全方位、多层次金融服务。”吕家进表示。
“Through cooperation and synergies among various businesses, PSBC creates a virtuous cycle to promote the development of inclusive finance and provide comprehensive, multi-layer financial services to customers,” says President Lv Jiajin .
据了解，邮储银行的4万多个网点，覆盖全国98%的县域，在服务“三农”、小微企业和社区方面具有天然优势和巨大潜力，并取得显著成效。
PSBC’s 40,000 branches cover 98% of China’s county areas and provide natural advantages and significant potentials for serving “ARF, SMEs and community”, and have achieved substantial achievements.
与此同时，邮储银行“普之城乡，惠之于民”的普惠金融形象和勇于承担社会责任的大行形象深入人心，荣获了“最佳零售银行”、“最具成长潜力银行”、“最佳普惠金融服务银行”、“最佳风险管理银行”等荣誉。在2015年全球银行1000强排名中，邮储银行位居第23位。评级机构对邮储银行的主体信用评级和债券信用评级均为“AAA”。
Through “popularize in urban and rural areas and benefit the people”, PSBC’s image of inclusive finance and image of bearing significant social responsibilities have won people’s hearts, and won numerous social awards such as “Best Retail Bank,” “The Bank with the Most Growth Potential,” “The Bank with the Best Inclusive Finance Service,” “Best Risk Management Bank”, etc. Among the Global Top 1000 banks in 2015 published by the banker, PSBC ranked 23rd, and received credit ratings of “AAA” for both issuer rating and bond rating.
引战布局：世界与中国互利共赢的典范例证
Strategic Investors Introduction: Best Example of the Mutually Beneficial Cooperation between China and the World
成立8年多来，“改革”始终是邮储银行工作的主旋律。党中央、国务院，以及财政部、人民银行、银监会等部委，着眼于国家经济和金融体制改革大局，明确要求邮储银行要加快推进引入战略投资者工作，以增强竞争能力。
In the past eight years, “reform” has continued to be the main theme of PSBC. Following the nation’s overall economic and financial system reform, the CPC Central Committee, the State Council, the Ministry of Finance, CBRC, etc, have explicitly mandated PSBC to accelerate the introduction of strategic investors and enhance competitiveness.
“邮储银行在探索特色化发展道路过程中，更是深刻感受到了改革对银行转型发展的关键作用，多年来持续推进相关工作。”吕家进说。
“During the discovery process of PSBC’s unique development, we deeply felt the significant transformational effect of reform on the development of the Bank, and have continued to promote the relevant efforts,” says President Lv Jiajin .
吕家进介绍，邮储银行于2014年6月9日正式启动引进战略投资者工作，历时一年多，历经两轮竞标和多轮谈判。在引战过程中，邮储银行以“引资金、引机制、引资源、引技术、引智力”作为目标，严格坚持“标准统一、分类择优、透明合规”的原则，打造引战工作的“阳光工程”。
President Lv Jiajin introduced that PSBC officially launched the introduction of strategic investors on 9th June, 2014, after more than one year’s efforts of all parties, two rounds of bid and many rounds of negotiations. During this process, PSBC has set up the goal of “bring in capital, bring in mechanisms, bring in technology, and bring in intelligence”; and has strictly stick to the principals of “unified standard, choose the best by categories, transparency and compliance”, to build the “Sunshine Project” of strategic investment.
据了解，邮储银行与战略投资者之间，将以平等互利、资源共享、优势互补、长期合作、共同发展为原则，着眼于商业银行转型发展趋势，在渠道拓展、客户挖掘、产品创新、风险管理、技术支持和人力资源开发等方面开展合作，目前已经确定了一揽子合作计划，涉及诸多领域。
It is known that based on the principles of equality and mutual benefits, resources sharing, complementary advantages, long term cooperation and joint development, focusing on the transformation and development trend of commercial banks, PSBC and strategic investors will conduct cooperation in various areas, including channel expansion, customers development, products innovation, risk management, technical support and human resources development, etc. Currently PSBC has already determined a package of cooperation plan which covers many areas.
为确保战略合作落地生根，在合作机制上，邮储银行将与战略投资者共同成立指导委员会和联络办公室，保证双方人员的深度参与、密切配合；在合作形式上，战略投资者将通过培训讲座、专题指导、交流研讨、专家派驻、提供跟岗实习等多种形式对邮储银行进行支持，确保合作成效。
To ensure the implementation of strategic cooperation, PSBC, together with strategic investors, will set up steering committee and communication offices and ensure deep involvement and close coordination from both parties. In terms of cooperation approaches, strategic investors will support PSBC by holding training lectures, seminars and discussion panels, sending experts and providing internships, etc. and ensure effective cooperations.
邮储银行此次引进战略投资者的成功，是中国经济金融体制改革框架下，国有商业银行改革的一项新成果。“这充分表明，世界对中国经济发展有期望，对中国金融体系和银行业的稳健性和盈利性有信心。”吕家进认为。
The successful introduction of strategic investors is a new outcome of state-owned commercial banks’ reforms under China’s economic and financial systems reform framework. “This fully indicates that the world has expectation towards China’s economic development and confidence in China’s financial systems and stability and profitability of China’s banking industry,” says President Lv Jiajin .
邮储银行将通过此次引战，持续完善公司治理，提高经营管理能力，进一步提升综合实力。战略投资者将通过入股邮储银行，分享中国经济发展的成果、中国金融市场改革创新的红利以及邮储银行未来成长的收益。
Through the introduction of strategic investors, PSBC will continue to improve corporate governance, enhance operation and management capabilities, and further strengthen overall competitiveness. Strategic investors will share the fruits of China’s economic development, benefits of China’s financial markets reform and innovation, and profits from PSBC’s future growth.
“这是邮储银行与战略投资者的双赢合作，也是世界与中国互利共赢的典范例证。”吕家进说。
“The win-win cooperation between PSBC and its strategic investors is also a best example of the mutually beneficial cooperation between China and the world,” says President Lv Jiajin .
据了解，近期，邮储银行将与各家机构完成资本金交割工作。邮储银行本次战略引资由中金公司和摩根士丹利担任财务顾问，海问律师事务所和达维律师事务所担任法律顾问，普华永道担任审计师。
PSBC will complete the closing process with each investor shortly. CICC and Morgan Stanley act as financial advisors, Haiwen & Partners and Davis Polk & Wardwell act as legal advisors and PricewaterhouseCoopers act as auditor for this transaction.
未来发展：建设有特色的大型零售商业银行
Prospect: A Large Retail Commercial Bank with Distinctive Core Competitive Advantages
在邮储银行与战略投资者的合作计划中，公司治理、业务转型、风险管理是重点内容。
In the cooperation plans between PSBC and strategic investors, corporate governance, business transformation and risk management are the focus areas.
吕家进表示，引战后，邮储银行将不断完善公司治理体系，优化公司治理机制，进一步提升董事会的战略决策水平，发挥监事会的监督制衡作用，强化经营管理层的战略执行能力，不断提高公司治理的运作效率和质量。
According to President Lv Jiajin , after introducing of strategic investors, PSBC will continue to improve corporate governance systems, optimize corporate governance mechanism, further enhance strategic decision making of the Board, fulfill Supervisory Board’s function of supervision, checks and balances, strengthen strategic execution capabilities of management, and continuously enhance the efficiency and quality of corporate governance.
同时，邮储银行也在积极布局业务转型。在全面建成小康社会和促进城乡一体化发展的大背景下，中国经济继续保持中高速增长态势，高净值客户对商业银行的贡献度将进一步提升。随着融资模式向多元化发展，商业银行的公司金融和金融市场业务也将迎来新的发展机遇。为此，邮储银行选择瑞银集团、摩根大通、星展银行和中国人寿作为战略投资者。“邮储银行希望汲取其经验与技术，进一步加快零售业务升级、公司业务拓展、金融市场业务创新。”吕家进说。
Meanwhile, PSBC is also proactively initiating business transformation. Under the backdrop of fully building a prosperous society and promoting the integration of urban and rural development, China’s economy maintains a mid- to high-level of growth, and high-net-worth clients’ contribution to commercial banks will further increase. As financing models develop towards diversification, the corporate banking and financial markets businesses of commercials banks will face new growth opportunities. Therefore, PSBC selected UBS, JP Morgan, DBS and China Life as strategic investors. “PSBC hope to learn from their experiences and technology, further promote the upgrade of retail business, expansion of corporate business and innovation of financial markets business,” says President Lv Jiajin .
在互联网金融和普惠金融方面，为实现线上线下资源的有机融合，巩固并提升普惠金融领先优势，邮储银行选择蚂蚁金服、腾讯、中国电信和国际金融公司作为战略投资者，希望借助其专业优势和影响力，进一步强化在互联网金融和普惠金融领域的战略布局。
For internet finance and inclusive finance, in order to achieve the organic integration of online and offline resources, solidify and strengthen its leading advantages in inclusive finance, PSBC selected Ant Financial, Tencent, China Telecom and IFC as strategic investors and hope to leverage their professional advantages and impact to further strengthen its strategic presence in internet finance and inclusive finance.
风险管理能力是商业银行的核心竞争力。8年多来，邮储银行坚持审慎经营理念，在风险管理上取得了良好成绩。“面对复杂的国际经济金融形势变化，特别是利率市场化、人民币国际化、商业银行综合化经营所带来的新的风险点，邮储银行需要进一步提高风险管理能力，努力使风险管理保持同业领先水平。”吕家进说。
Risk management capability is a core competitive advantage for commercial banks. In the past eight years, PSBC has been committed to prudent business philosophy and achieved excellent performance in risk management. “Faced with complicated international economic and financial dynamics, especially new risks arising from interest rate liberalization, RMB internationalization and the integrated operations of commercial banks, PSBC need to further enhance risk management capabilities and strive to maintain industry-leading risk management,” says President Lv Jiajin .
为此，邮储银行选择摩根大通、淡马锡、加拿大养老基金投资公司作为战略投资者。吕家进表示，“我们希望借鉴国际一流金融机构的风险管理理念、经验与方法，把邮储银行打造成一家稳健经营、风控良好的百年银行。”
Therefore, PSBC selected JP Morgan, Temasek and CPPIB as strategic investors. President Lv Jiajin says “we hope to leverage first-class international financial institutions’ risk management philosophy, experience and methodologies to establish PSBC as a 100-year bank with steady operation and excellent risk management.”
引进战略投资者，将开启邮储银行改革发展的新篇章。吕家进表示，“十三五”期间，邮储银行将以转变发展方式为主线，围绕培育差异化竞争优势，通过持续深化改革和加快管理创新，不断推动转型发展。
The successful introduction of strategic investors represents that PSBC will start a new chapter in its path of reform and development. “During the 13th Five-Year Plan, PSBC will focus on adjusting the development mode and developing core competitive advantages, continuously fostering transformation and development through deepening reform and expediting management innovation,” says president Lv Jiajin .
下一步，邮储银行将按照改革初期明确的“股改-引战-上市”三步走计划，稳妥有序地推进上市工作。“我们致力于把邮储银行打造成为一家公司治理机制健全、价值创造能力突出、风险管理水平一流、核心竞争优势独特、社会公众形象良好，有特色的大型零售商业银行，不辜负股东和社会各界的期望。”吕家进表示。
PSBC will follow the 3-step plan of “Restructuring (into a joint stock company) – Introduction (of strategic investors) – Listing (on stock exchanges)” and prepare for IPO in a steady and orderly manner. “We will endeavor to improve our governance mechanism, value creation capability and risk management skill, and develop PSBC into a large retail commercial bank with distinctive core competitive advantages and positive public image. We will live up to the expectation of the shareholders and the society as a whole,” says President Lv Jiajin .