Postal Savings Bank of China gains approval for A-share issuance

Postal Savings Bank of China (HKEX:1658) announced that the Shanghai Stock Exchange (SSE) has approved its application for the issuance of A shares to specific subscribers. The SSE has determined that the application meets the issuance criteria, listing requirements, and information disclosure standards. The SSE will now submit the application documents to the China Securities Regulatory Commission (CSRC) for further registration upon receiving the necessary documents from PSBC. The issuance of A shares is still subject to the CSRC's approval, with uncertainty remaining regarding the timing and outcome of the registration process. The bank commits to fulfilling its disclosure obligations related to the issuance, advising investors to monitor investment risks.