Postal Savings Bank of China Shareholders Elect Lu Wei as Executive Director at 2026 EGM
Postal Savings Bank of China Co., Ltd. held its 2026 First Extraordinary General Meeting in Beijing, with 90.48% of voting shares represented. Shareholders elected Lu Wei as Executive Director, with 99.89% approval, ensuring governance continuity. The stock (HK:1658) has a Buy rating and a price target of HK$5.90. The bank, a large commercial entity in China, is not supervised by the Hong Kong Monetary Authority and cannot conduct banking in Hong Kong. Current market cap is HK$657.5B.
