President Xi Jinping’s push to spur lending in his economy stands to benefit Postal Savings Bank of China Ltd., whose ubiquitous green-fronted outlets have been luring deposits across the nation.
This branch network, the widest in the world, has become a source of cheap funds for the lender, ensuring it’s better placed than rivals amid the government’s crackdown on riskier financing. Postal Bank is China’s best-performing financial stock this year, and analysts surveyed by Bloomberg say its shares could rise an average 26 percent from the current HK$4.55.
Read more at Bloomberg.
