Postal Savings Bank of China Reshapes Board Committee Leadership

An announcement from Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) is now available.

Postal Savings Bank of China Co., Ltd. has announced changes to the composition of its board committees, reflecting an adjustment in its corporate governance structure. The board has elected Lu Wei to serve as chairperson and member of the Social Responsibility and Consumer Rights Protection Committee, and as a member of both the Strategic Planning Committee and the Nomination and Remuneration Committee, with these appointments becoming effective upon regulatory approval of his directorship by the National Financial Regulatory Administration. Once Lu Wei assumes office, Yao Hong will cease acting as the interim chairperson of the Social Responsibility and Consumer Rights Protection Committee, signaling a formalized leadership transition within the bank’s key oversight and strategic bodies.

The most recent analyst rating on (HK:1658) stock is a Buy with a HK$5.90 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 and listed in Hong Kong. While it bears the “bank” name, it is not an authorized institution under Hong Kong’s Banking Ordinance, is not supervised by the Hong Kong Monetary Authority, and is not permitted to conduct banking or deposit-taking business in Hong Kong, focusing instead on its financial services operations within mainland China.

Average Trading Volume: 28,354,665

Technical Sentiment Signal: Buy

Current Market Cap: HK$657.5B

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