Postal Savings Bank of China A-share offering approved

Postal Savings Bank of China (SSE:601658) announced that its application to issue A-shares to specific targets has been approved by the Shanghai Stock Exchange. The exchange stated that the application meets issuance conditions, listing requirements, and disclosure standards. The application will be submitted to the China Securities Regulatory Commission (CSRC) for registration following receipt of the necessary documents. The offering is still subject to CSRC approval, with uncertainty surrounding the final decision and timeline. The bank will adhere to all relevant regulations and disclosure requirements, advising investors to be aware of potential risks.