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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Postal Savings Bank of China Co., Ltd.    1658   CNE1000029W3

POSTAL SAVINGS BANK OF CHINA CO., LTD.

(1658)
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Postal Savings Bank of China : ANNOUNCEMENT OF CBIRC APPROVAL ON APPOINTMENT OF THE PRESIDENT OF THE BANK

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02/18/2020 | 07:52am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

POSTAL SAVINGS BANK OF CHINA CO., LTD.

中 國 郵 政 儲 蓄 銀 行 股 份 有 限 公 司

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 1658)

(Stock Code of Preference Shares: 4612)

ANNOUNCEMENT OF CBIRC APPROVAL ON

APPOINTMENT OF THE PRESIDENT OF THE BANK

The Board of Directors (the "Board") of Postal Savings Bank of China Co., Ltd. (the "Bank") held a meeting on January 16, 2020 and deliberated on and approved the resolution on the appointment of Mr. Guo Xinshuang as the President of the Bank. Today, the Bank received the Approval by CBIRC on the Appointment of Mr. Guo Xinshuang of Postal Savings Bank of China Co., Ltd. (Yin Bao Jian Fu [2020] No.93). The China Banking and Insurance Regulatory Commission (the "CBIRC") has approved the appointment of Mr. Guo Xinshuang as the President of the Bank. According to the relevant regulations, Mr. Guo Xinshuang shall serve as the President of the Bank from February 14, 2020.

For biographical and appointment details of Mr. Guo Xinshuang, please refer to the announcement of the Bank dated January 16, 2020, in relation to the appointment of the President of the Bank.

By order of the Board

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, the PRC

February 18, 2020

As at the date of this announcement, the Board of the Bank comprises Mr. Zhang Jinliang as Chairman and Non-executive Director; Mr. Zhang Xuewen and Ms. Yao Hong as Executive Directors; Mr. Han Wenbo, Mr. Liu Yaogong, Mr. Liu Yue and Mr. Ding Xiangming as Non-executive Directors; Mr. Fu Tingmei, Mr. Wen Tiejun, Mr. Chung Shui Ming Timpson, Mr. Hu Xiang and Ms. Pan Yingli as Independent Non-executive Directors.

  • Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

Disclaimer

Postal Savings Bank of China Co. Ltd. published this content on 18 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2020 12:51:07 UTC

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Financials (CNY)
Sales 2020 294 B
EBIT 2020 128 B
Net income 2020 66 107 M
Debt 2020 -
Yield 2020 5,33%
P/E ratio 2020 5,79x
P/E ratio 2021 5,17x
Capi. / Sales2020 1,48x
Capi. / Sales2021 1,36x
Capitalization 436 B
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Technical analysis trends POSTAL SAVINGS BANK OF CHI
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 5,53  CNY
Last Close Price 4,31  CNY
Spread / Highest target 65,5%
Spread / Average Target 28,3%
Spread / Lowest Target -8,55%
EPS Revisions
Managers
NameTitle
Xue Wen Zhang General Manager & Executive Director
Xin Shuang Guo President & Executive Director
Yue Jun Chen Chairman-Supervisory Board
Jin Liang Zhang Chairman
Hong Yao Executive Director & Vice President