Postal Savings Bank of China Board OKs Adjustment of Savings Agency Fees with China Post Group

MT Newswires Live10-01

Postal Savings Bank of China (SHA:601658) said its board on Monday approved the adjustment of savings agency fees with China Post Group.

The proposal is now subject to approval by shareholders, according to a Monday filing with the Shanghai bourse.

The adjustment is primarily due to recent changes in market interest rates and the need to optimize the deposit structure and reduce liability costs, PSBC said.

Price (RMB): Â¥5.26, Change: Â¥+0.21, Percent Change: +4.16%

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