Zheng Quan Shi Bao·2025-09-24 18:05Group 1 - Postal Savings Bank of China (PSBC) is merging its wholly-owned subsidiary, Postal Savings Bank Huinong Bank, to optimize management and business structure, resulting in the latter's legal status being canceled [1] - Postal Savings Bank Huinong Bank was established in January 2022 with a registered capital of 5 billion yuan and aimed to provide digital inclusive financial services [1] - As of June 2023, Postal Savings Bank Huinong Bank had total assets of 12.005 billion yuan and over 20 million registered users [1] Group 2 - The merger of Postal Savings Bank Huinong Bank reflects a broader trend in the banking industry towards digital transformation and consolidation, moving from initial experimentation to comprehensive integration [2] - Other banks, such as China Merchants Bank, have also withdrawn independent digital bank applications, indicating a shift in strategy within the industry [2] - The banking sector is transitioning into a new phase of deep integration in digital development, as many banks consolidate their digital financial subsidiaries [2]