Postal Financial Reform, Financial Innovation And Risk Prevention

Since 1986, China Post resume its financial business, those financial business had got a rapid growth and had made a great contribution to national economy construction relying on its special management policy. The financial business had spread from single debts business which focused on personal savings and transfer to inter-business like salary agent, telephone fee agent, insurance agent, mutual fund agent and postal savings green card, etc. Recent years, assets business like small mortagage loan, small credit loan, syndicate loan had became new important direction for postal finance development.With the acceleration of globalization process on economy and finance, financial competition became severely. It has become the focus of people that how postal finance could survive and develop in such environment. It is the common idea that the reform of postal finance is indispensable.On the way of reform, postal finance must improve its ability of risk management as well as focus on finance innovation continuously, thus, it could survive in the finance market of China under severe competition.This paper first reviewed the history of Chinese postal finance business, then analysed recent reform process of postal finance. The author pointed out the current status and existent problems on innovation and risk management of postal finance business. At last, the author gave out some suggestions on future development of postal finance after a great deal of research work combined with the facts of postal finance of Jiangsu Province.