A few days ago, the Postbank announced that the bank received approval from the financial supervisory authority, agreeing that the Postbank would absorb and merge Yuhui Wanjia Bank and undertake its assets, liabilities, business, and employees after liquidation and approval. This also means that since late September 2025, after the Postbank announced that it would absorb Yewan Bank, the relevant actions have come to an end, and the country's first independent corporate direct sales bank controlled by a major state-owned bank has officially become history. Up to now, CITIC Baixin Bank is the only independent corporate direct sales bank left.

Zhitongcaijing · 4d ago
A few days ago, the Postbank announced that the bank received approval from the financial supervisory authority, agreeing that the Postbank would absorb and merge Yuhui Wanjia Bank and undertake its assets, liabilities, business, and employees after liquidation and approval. This also means that since late September 2025, after the Postbank announced that it would absorb Yewan Bank, the relevant actions have come to an end, and the country's first independent corporate direct sales bank controlled by a major state-owned bank has officially become history. Up to now, CITIC Baixin Bank is the only independent corporate direct sales bank left.