Postal Savings Bank of China Extends Key Agreements

Postal Savings Bank of China Co., Ltd. Class H (HK:1658) has released an update.

Postal Savings Bank of China Co., Ltd. has announced the renewal of key agreements with China Post Group, extending their collaboration on leasing and service provisions until 2027. This continuation involves various transactions, such as leasing properties and providing marketing and bancassurance services, all falling within specific regulatory thresholds. These agreements highlight the ongoing strategic partnership between the Bank and its major shareholder, China Post Group.

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