Postal Savings Bank of China Updates Agency Deposit Fee Structure With China Post

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

Postal Savings Bank of China has detailed the structure of its long-standing agency banking arrangement with China Post Group, under which postal outlets handle Renminbi and foreign currency personal deposits as well as intermediary banking services. The framework has an indefinite term and operates under waivers from Hong Kong listing rules that remove the need for a fixed contract term and annual monetary caps on these connected transactions.

The bank disclosed the latest adjustment to the deposit agency fee rates for agency Renminbi personal deposits, following a series of supplemental agreements since 2022 that refined pricing and passive adjustment triggers. After a proactive rate change in 2025, scaled fee rates now vary significantly by deposit type and maturity, which will influence the distribution of deposit-taking economics between the bank and China Post Group and could affect the cost structure of its retail funding obtained via postal channels.

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 large Chinese commercial bank that conducts its retail and other banking services partly through agency outlets operated by China Post Group. Its core products in this context are Renminbi and foreign currency personal deposits, along with settlement, financial agency and related intermediary banking services across an extensive postal network.

Average Trading Volume: 37,518,967

Technical Sentiment Signal: Buy

Current Market Cap: HK$648.9B

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