Description: 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.