On December 9, 2022, according to the evaluation by the bid evaluation committee, Postal Savings Bank of China Limited Henan Branch announced the successful candidates of bidding for entry in the Directory of Counsels (Bidding Project No.: 2022-YW-00269-61), which shows that through concerted efforts of the staff, Beijing Blossom & Credit Law Firm has successfully entered in the Directory of Counsels of the Postal Savings Bank Nanyang Branch and Pingdingshan Branch.
In this bidding, each law firm may compete for up to three bid sections. Based on our outstanding overall capacity, professional lawyer team and excellent service solutions, Beijing Blossom & Credit Law Firm has successfully entered in the Directory of Counsels of the Postal Savings Bank Nanyang Branch (ranked 5th) and Pingdingshan Branch (ranked 6th), which is a remarkable achievement! In the future, the staff of Beijing Blossom & Credit Law Firm will continue to adhere to the vision of “Pursuing Blossom with the Country, Upholding Credit for the Future”, make continuous exploration and innovation, and perform their duties well, to make greater contributions to the economic and social development, and promotion of social harmony and stability.
The Postal Savings Bank of China (“PSBC”) has a history of more than 100 years since it provided postal savings service in 1919. In March 2007, on the basis of reforming the original postal savings management system, Postal Savings Bank of China Co., Ltd. was formally established, which was converted into a company limited by shares in its entirety in January 2012. PSBC introduced 10 domestic and foreign strategic investors in December 2015, and was listed on the Stock Exchange of Hong Kong in September 2016 and on the Shanghai Stock Exchange in December 2019, thus successfully achieving the goal of reform by three steps, namely shareholding system reform, introduction of strategic investors, and listing on the domestic and Hong Kong stock markets. PSBC has nearly 40,000 business outlets, and more than 600 million individual customers, and focuses on providing services to agriculture, rural areas and farmers, urban and rural residents, and small and medium-sized enterprises. Leveraging its unique business model of “trading for its own account and as agent” and incomparable resources, PSBC is committed to providing services to the most dynamic customers during the economic transition of China, and accelerating its transition into an efficient, new retail bank driven by data, with the collaboration of channels, and joint action of wholesale and retail businesses. PSBC is a leading, large-sized retail bank of China having good asset quality and remarkable growth potentials.
Beijing Blossom & Credit Law Firm is a well-known, highly specialized integrated law firm established on April 11, 2003, and headquartered in Zhongguancun Science Park, enjoying good reputation on the capital market. As a rapidly developing integrated law firm, we have established offices in Jinan of Shandong, Nanning of Guangxi, Haikou of Hainan and Zhengzhou of Henan, and business network in the United States, Hong Kong and other countries and regions, and maintained good collaboration relationships with local outstanding lawyers. Our practices cover a lot of legal fields, including shareholding system reform, listing, corporate merger, acquisition and reorganization, private fund, equity financing, intellectual properties, securities and finance, share structure setup and share incentives, and related litigation and arbitration, where securities practice, fund practice and corporate practice are among our core practices. We have set up “commercial litigation and arbitration”, “listing express”, “financing express”, “equity investment fund”, “law with you”, “civil and commercial litigation and arbitration” and other professional legal teams, been concentrating our efforts in providing legal services for promoting the development of small and medium-sized enterprises, and successfully handled more than 50 major securities-related legal service projects, covering listing, quotation, merger, acquisition and reorganization of companies, issuance of bonds, claim for compensation for default under bonds, etc.
