Postal Savings Bank of China (01658.HK) completes merger with its wholly-owned subsidiary Postal Savings Bank of China Wealth Management Co. Ltd.

Zhicheng Financial APP News, Postal Savings Bank of China (01658.HK) announced that in order to achieve strategic integration, optimize resource allocation, and reduce management costs, China Postal Savings Bank Co., Ltd. held its 2025 second extraordinary shareholders' meeting on October 9, 2025, and approved the proposal to absorb and merge China Post Post Office Bank Corporation Limited. On December 30, 2025, the bank issued an announcement entitled "China Postal Savings Bank Co., Ltd. Announcement on Approval of Absorption and Merger of Wholly-owned Subsidiaries by the China Banking Regulatory Commission." The China Banking Regulatory Commission has approved the bank's absorption and merger of Post Office Bank, and will take over its assets, liabilities, business, and employees after the completion of asset verification.