Solely owned by the state, China Post Group is a large-scale enterprise established in line with the Law of the People’s Republic of China on Industrial Enterprises Owned by the Whole People. The Group engages in postal business in accordance with laws, undertakes the obligations of providing universal postal service, offers special postal services as may be entrusted by the Chinese government and conducts commercial.
Management over competitive lines of postal business. As a capital investment body authorized by the State Council, China Post Group is responsible for maintaining and increasing the value of the state-owned assets. The Ministry of Finance is the administration agency responsible for the administration of the state-owned assets possessed by China Post Group.
The Group is authorized to establish postal corporations in all provinces, autonomous regions and municipalities across China. Under the lawful supervision of the government and working under the new post system in which the government plays the regulatory role while the enterprise operates independently, China Post Group will,according to the requirements of corporate governance, endeavor to develop itself into a modern conglomerate with a well-organized structure, advanced technologies, scientific management, quality services, well-known brands, strong core business as well as being competitive in both international and domestic markets.
The main business scope of the Group includes: domestic and international mail delivery services, circulation of news papers, journals and books, stamp issuing, production and sale of philatelic collections, postal remittance services, confidential correspondence communication, postal financial services, postal express delivery and logistics services, e-business, a variety of postal agency businesses and other businesses as allowed by the state.