邮惠万家银行退场！独立法人直销银行为何仅剩“独苗”？

Core Viewpoint - Postal Savings Bank of China (PSBC) is set to absorb and merge its wholly-owned subsidiary, Postal Huinong Bank, to optimize management and business structure, leaving only Citic Baixin Bank as the sole independent direct bank in China [1][2][4] Group 1: Merger Details - The merger will result in the legal cancellation of Postal Huinong Bank's independent status, aimed at effectively utilizing resources and reducing operational costs for PSBC [2] - The integration of Postal Huinong Bank's online operational experience into PSBC is expected to enhance its online service capabilities and reduce management costs [2][3] - Postal Huinong Bank, established in January 2022 with a registered capital of 5 billion yuan, reported net profits of -162 million yuan, -263 million yuan, and -415 million yuan from 2022 to 2024, with a revenue of 150 million yuan and a net loss of -118 million yuan in the first half of 2025 [2][3] Group 2: Industry Context - The overlap in business scope between Postal Huinong Bank and PSBC includes public deposit acceptance, loan issuance, and financial bond issuance, indicating a high degree of redundancy [3] - The trend of direct banks is declining, with only a few remaining operational, as many banks are reducing their online channels and focusing on specific customer segments [4][5] - The current banking strategy emphasizes differentiation and the development of specific business segments rather than independent legal structures, with a shift towards integrated financial platforms and embedded service models [5]