Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) has issued an announcement.
Postal Savings Bank of China Co., Ltd. has announced adjustments to its deposit agency fee rates for its agency renminbi personal deposit taking business. The adjustments involve a new pricing mechanism that sets scaled fee rates based on deposit types, impacting the bank’s operations by potentially altering its revenue from deposit agency fees. This move is part of a broader framework agreement with China Post Group, which allows the bank to conduct commercial banking businesses through agency outlets, enhancing its market presence and operational flexibility.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. operates in the financial services industry, primarily focusing on commercial banking services. The bank offers a range of products including renminbi and foreign currency personal deposit services, financial settlement, and agency banking services through its partnership with China Post Group.
YTD Price Performance: 13.54%
Average Trading Volume: 66,870,494
Technical Sentiment Signal: Sell
Current Market Cap: HK$554.1B
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