Zhong Guo Ji Jin Bao·2025-09-23 12:32Group 1 - Postal Savings Bank of China (PSBC) announced the absorption and merger of its wholly-owned subsidiary, Postal Savings Bank Huinong Bank, to optimize management and business structure [1][3] - The merger will allow PSBC to inherit all business, assets, debts, and rights and obligations of Huinong Bank, aligning with PSBC's long-term strategic planning [3][5] - The merger aims to achieve strategic integration, optimize resource allocation, and reduce management costs, enhancing PSBC's online business capabilities and operational efficiency [4][5] Group 2 - Huinong Bank, established on January 7, 2022, with a registered capital of 5 billion RMB, has been a key player in PSBC's digital transformation efforts, focusing on serving rural areas and small enterprises [7] - As of June 2025, Huinong Bank had total assets of 12 billion RMB and over 20 million registered users, indicating its significant role in the digital banking landscape [7] - The adjustment by PSBC reflects a broader trend in the banking industry, where many banks are integrating their digital financial subsidiaries, marking a shift from initial experimentation to comprehensive integration [8]