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PSBC: six measures to optimize account opening for enterprises

Date: 2018-03-26

PSBC has recently launched a bank-wide campaign for optimizing the service of opening accounts for enterprises in order to create a business-friendly environment and facilitate their high-quality development.

Based on means like internal business examination, process integration and technology upgrade, etc., the Bank intended to adopt the six following measures, i.e., to pre-review materials for account opening, simplify document entry, accelerate the review of application materials, simplify the account opening process, optimize the system’s review function, and put in place an express channel for micro and small enterprises.

In order to thoroughly put the guiding principles from the 19th National Congress of the CPC into action, act on the deployments of the Central Economic Working Conference and the National Financial Working Conference, fulfil the requirements of administrative streamlining, power delegation, regulation improvement and service optimization, and better serve the development of real economy, the People’s Bank of China (PBOC) circulated the Guidelines on Optimizing Bank Account Opening Services for Enterprises, making overall arrangements on optimizing the service across its branch institutions and all commercial banks, in a bid to strengthen the management of account opening for enterprises, help cultivate a business-friendly environment and drive the development of real economy.

As a state-owned large commercial bank, it is its bounden duty to serve the real economy, and the Bank will unswervingly pursue service enhancement. Building upon this campaign of optimizing corporate account opening, PSBC will put equal emphasis on efficiency and risk prevention, gradually roll out the above-mentioned measures, provide more expedite and convenient means for corporate account opening, improve the efficiency, extend the scope and add more values into the service, and further improve the satisfaction of our corporate customers.