China Post to list unit next year

China Post, the government postal service of China, is planning to list the shares of China Postal Express & Logistics Corporation, its express and logistics unit, in Shanghai or Shenzhen next year. The integrated unit was set up with a registered capital of 200 million yuan (US$29.5 million) on 29 June and combines the express […]


China Post, the government postal service of China, is planning to list the shares of China Postal Express & Logistics Corporation, its express and logistics unit, in Shanghai or Shenzhen next year.

The integrated unit was set up with a registered capital of 200 million yuan (US$29.5 million) on 29 June and combines the express and logistics operations of the group. Liu Andong, general manager of China Post, said the integration of the express unit EMS Corporation and the logistics arm China Post Logistics Co Ltd was part of the plans to transform itself into a modernised post group.