Postal Savings Bank launches innovative discount product “Green G Sticker”

02/18/2023 17:19 • Daily Digest • 75 views

It is reported that the “Postal Savings Bank+” WeChat official account released news that recently, the Postal Savings Bank launched the innovative discount product “green G sticker” of “green bills+digital RMB”. On the first day of the launch of the product, the Postal Savings Bank made loans to five green enterprises in Shanghai, Zhejiang and Anhui, among which, Shanghai and Zhejiang also made loans in digital RMB for the first time.

Postal Savings Bank launched “green bill+digital RMB” discount product “green G sticker”

Interpretation of the news:

The Postal Savings Bank, one of China’s leading banks, has launched an innovative discount product called “Green G Sticker,” consisting of “green bills+digital RMB.” This was announced via the bank’s official WeChat account for the Postal Savings Bank+ on the 15th of July. On the first day of the product launch, loans were granted to five green enterprises in Shanghai, Zhejiang, and Anhui provinces, of which two companies in Shanghai and Zhejiang received loans in digital RMB for the first time.

The green sticker product is a combination of two financial products: green bills and digital RMB. Green bills refer to a financing method that supports sustainable development and environmental protection. It offers funding to renewable energy, pollution mitigation, and energy-saving projects. Meanwhile, digital RMB is a digital currency issued by the People’s Bank of China (PBoC). Digital RMB operates on a peer-to-peer network without intermediaries, offering reliability, transparency and lower transaction costs.

This new product is tailor-made for China’s goal to achieve carbon neutrality by 2060. The Postal Savings Bank is committed to promoting financial services to environmental protection, making significant headway in supporting sustainable development. By combining green bills and digital RMB, the bank strives to support green enterprises across the country as they pursue their development goals.

With the Green G Sticker, green enterprises will receive a discount on their interest rates. Besides demonstrating the Postal Savings Bank’s commitment to sustainable development, the initiative highlights the bank’s willingness to work with green enterprises to innovate and explore new financial models.

In conclusion, by launching the innovative discount product “Green G Sticker,” the Postal Savings Bank is not only supporting sustainable development in China but also working toward its goal of being a leader in environmental protection. The initiative is also evidence of the bank’s willingness to innovate and embrace emerging technologies to better serve its customers, specifically green enterprises.

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Postal Savings Bank launches innovative discount product “Green G Sticker”

Postal Savings Bank launched “green bill+digital RMB” discount product “green G sticker”

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