Postal Savings Bank of China Receives CSRC Approval for A Shares Issuance

Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) just unveiled an announcement.

Postal Savings Bank of China Co., Ltd. has received approval from the China Securities Regulatory Commission (CSRC) for its application to issue A shares to specific subscribers. This approval is valid for 12 months, and the bank’s Board of Directors will proceed with the issuance in accordance with the approved plan, ensuring compliance with relevant laws and regulations. The announcement highlights the bank’s commitment to fulfilling its information disclosure obligations and advises investors to be mindful of investment risks.

The most recent analyst rating on (HK:1658) stock is a Hold with a HK$4.50 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 joint stock limited liability company incorporated in the People’s Republic of China. It operates within the banking industry, providing financial services and products. The bank is not authorized to conduct banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.

Average Trading Volume: 72,308,615

Technical Sentiment Signal: Buy

Current Market Cap: HK$558.4B

For an in-depth examination of 1658 stock, go to TipRanks’ Stock Analysis page.