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Postal Savings Bank of China Updates Board Composition and Committee Roles

Story Highlights
  • Postal Savings Bank of China outlined its Board lineup, naming Zheng Guoyu as chairman.
  • The bank detailed memberships of six key Board committees, emphasizing governance and risk control.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Postal Savings Bank of China Updates Board Composition and Committee Roles

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The latest update is out from Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ).

Postal Savings Bank of China has announced the current composition of its Board of Directors, naming non-executive director Zheng Guoyu as chairman alongside one executive director, multiple non-executive directors and several independent non-executive directors, reflecting a governance structure with substantial independent oversight. The Board has also detailed the membership and leadership of six specialized committees—covering strategic planning, related party transactions control, audit, risk management, nomination and remuneration, and social responsibility and consumer rights protection—clarifying directors’ roles and responsibilities and underscoring the bank’s emphasis on formalized corporate governance and risk control, matters of direct relevance to regulators, investors and other stakeholders.

The most recent analyst rating on (HK:1658) stock is a Hold with a HK$5.50 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 major Chinese commercial bank listed in Hong Kong that provides a broad range of retail and corporate banking services, with a traditional strength in nationwide postal savings, inclusive finance and serving individuals and small and micro enterprises across urban and rural markets in mainland China.

Average Trading Volume: 28,269,582

Technical Sentiment Signal: Buy

Current Market Cap: HK$668.6B

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

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