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An announcement from Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) is now available.
Postal Savings Bank of China has announced that Executive Director and President Liu Jianjun will resign from all his positions, including several board committee roles, effective 26 December 2025 upon reaching the statutory retirement age. The bank stressed that Liu has no disagreements with the board, his departure will not affect the board’s quorum, and a smooth handover has been completed. During his tenure since 2021, Liu was credited with advancing Party-led governance, executing national strategies and regulatory requirements, and driving initiatives to strengthen the bank’s capabilities, innovation, and efficiency, thereby reinforcing its differentiated market position. Until a new president and chair of the Social Responsibility and Consumer Rights Protection Committee are formally appointed, Executive Director, Vice President and Chief Risk Officer Yao Hong has been designated to assume these duties, signaling a continuity-focused transition for management and stakeholders.
The most recent analyst rating on (HK:1658) stock is a Buy with a HK$6.42 price target. To see the full list of analyst forecasts on Postal Savings Bank of China Co., Ltd. Class H stock, see the HK:1658 Stock Forecast page.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. is a large mainland Chinese commercial bank focused on retail and inclusive finance, operating under PRC regulation and listed in Hong Kong, though it is not licensed as a banking institution in Hong Kong under local law. The bank emphasizes Party-led governance, support of national strategies, and differentiated competitive advantages through capabilities building, innovation, and standardized management.
Average Trading Volume: 28,319,554
Technical Sentiment Signal: Buy
Current Market Cap: HK$683.2B
For a thorough assessment of 1658 stock, go to TipRanks’ Stock Analysis page.