Group 1 - The core point of the announcement is the resolution of the first extraordinary general meeting of China Postal Savings Bank held on January 19, 2026, with no rejected proposals [2][10] - The meeting was attended by 16 directors and was presided over by Chairman Zheng Guoyu, following legal and regulatory requirements [3][11] - The total number of shares eligible for voting at the meeting was 119,939,419,734 shares after accounting for shares that could not exercise voting rights [2][7] Group 2 - The meeting approved the election of Mr. Lu Wei as an executive director, with the proposal receiving more than half of the valid voting rights [6][7] - The meeting also approved the adjustment of the composition of the board's specialized committees, with Mr. Lu Wei appointed as the chairman of the Social Responsibility and Consumer Rights Protection Committee [12][13] - A proposal to revise the "Data Security Management Measures of China Postal Savings Bank" was also approved unanimously [14]

中访网数据 中国邮政储蓄银行股份有限公司于2026年1月19日成功召开了2026年第一次临时股东会。本 次会议的核心议题是选举新任执行董事。根据北京市君合律师事务所出具的法律意见书及会议表决结 果，关于选举芦苇先生为公司执行董事的议案获得正式通过。 在董事长郑国雨先生的主持下，会议审议并表决了唯一议案。经合法有效的表决程序，芦苇先生当选为 中国邮政储蓄银行执行董事。法律意见书确认，本次会议的召集、召开程序、出席人员资格及表决结果 均合法有效。 此次执行董事的顺利选举，是中国邮政储蓄银行完善公司治理结构、加强董事会建设的重要一步，将为 银行未来的战略发展和管理决策注入新的力量。 会议召集与召开程序符合《公司法》及《公司章程》规定。本次会议采用现场投票与网络投票相结合的 方式进行，共吸引了2,476名股东及股东代理人参与表决，代表有表决权股份总数约1085.18亿股，占公 司有表决权股份总数的90.48%，显示出股东对公司治理事务的高度关注与参与。其中，A股股东代表股 份约943.35亿股，H股股东代表股份约141.83亿股。 ...

Core Viewpoint - Postal Savings Bank of China announced the election of Mr. Lu Wei as an executive director during its first extraordinary shareholders' meeting of 2026 [1] Group 1 - The extraordinary shareholders' meeting took place on January 19, 2026 [1] - The proposal for Mr. Lu Wei's election was approved by the shareholders [1]

Core Insights - The average cost of personal deposits is a key indicator of banks' liability costs, with lower rates indicating stronger competitiveness in attracting deposits [1][7]. Group 1: Ranking of Banks by Deposit Cost - The banks with the lowest average cost of personal deposits are primarily state-owned large banks and some retail-focused joint-stock banks, with China Merchants Bank leading at 1.18% for the 2025 mid-year report [2][8]. - Following China Merchants Bank are China Postal Savings Bank at 1.23% and Agricultural Bank of China at 1.38%, benefiting from extensive branch networks and strong customer bases [2][8]. - The top six banks all have costs below 2%, indicating strong deposit cost control capabilities [2][8]. Group 2: Cost Trends and Observations - A notable trend is the general decline in average deposit costs across most banks when comparing 2024 annual reports to 2025 mid-year reports, with China Merchants Bank decreasing from 1.44% to 1.18% [6][12]. - This decline reflects a reduction in liability cost pressures for the banking industry, positively impacting net interest margins and profitability [6][12]. - However, lower deposit costs must align with asset yield and risk management capabilities, as a healthy bank seeks to balance these factors [12]. Group 3: Challenges for Joint-Stock and Regional Banks - Joint-stock banks and regional commercial banks generally face higher average deposit costs, often exceeding 2%, which can challenge their net interest margin management [5][11]. - National joint-stock banks like Industrial Bank and Minsheng Bank have costs ranging from 2.11% to 2.18%, while some regional banks experience even greater cost pressures [5][11].

Group 1 - Postal Savings Bank of China held its first extraordinary shareholders' meeting of 2026, where the election of Mr. Lu Wei as an executive director was approved [1] - The bank's board of directors also approved the adjustment of the composition of its specialized committees, electing Lu Wei as the chairman and member of the Social Responsibility and Consumer Rights Protection Committee, a member of the Strategic Planning Committee, and a member of the Nomination and Remuneration Committee [1] - Lu Wei's committee positions will take effect upon the approval of his directorship qualification by the National Financial Regulatory Administration [1]

Core Viewpoint - Postal Savings Bank of China announced the election of Lu Wei as the chairman of the Board's Social Responsibility and Consumer Rights Protection Committee, as well as a member of the Strategic Planning Committee and the Nomination and Compensation Committee. His roles will take effect upon approval of his directorship by the National Financial Supervision Administration [1][5]. Group 1 - The Board of Directors of Postal Savings Bank held a meeting on January 19, 2026, where 16 directors were present, and the meeting complied with relevant laws and regulations [2][6]. - The meeting was chaired by Chairman Zheng Guoyu, and the proposal to adjust the composition of the Board's specialized committees was approved unanimously with 16 votes in favor [2][6]. - Lu Wei's election to the specialized committee positions will commence once his directorship is approved by the National Financial Supervision Administration [1][3].

Core Viewpoint - The international gold price has reached a historic high, exceeding $4,690 per ounce, leading to a surge in demand for gold and other precious metals, while the availability of bank safety deposit boxes has become critically low, especially in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen [1][7]. Group 1: Gold Price and Demand - The spot gold price increased by approximately 70% in 2025, driving a significant rise in consumer investment demand for gold bars and other precious metals [2][8]. - As demand for gold rises, the difficulty in renting safety deposit boxes has become more pronounced, with reports of waiting times extending up to five to six years for certain banks [1][8]. Group 2: Supply Constraints of Safety Deposit Boxes - The supply of safety deposit boxes is characterized by static growth, as banks primarily view this service as a means to maintain high-net-worth clients rather than a profit center, leading to limited resource allocation [2][5]. - High renewal rates and slow turnover of safety deposit boxes exacerbate the supply shortage, creating a rigid gap in availability [3][9]. Group 3: Bank Strategies and Challenges - Banks face challenges in increasing the supply of safety deposit boxes due to low profitability, high operational costs, and the expensive nature of building new secure storage facilities [5][11]. - Current strategies include optimizing existing resources and implementing technology upgrades to improve space utilization, but these measures are gradual and unlikely to resolve the supply-demand imbalance in the short term [6][12].

Core Viewpoint - Postal Savings Bank of China (01658.HK) announced the election of Lu Wei as the chairman of the Board's Social Responsibility and Consumer Rights Protection Committee, as well as a member of the Board's Strategic Planning Committee and Nomination and Remuneration Committee [1] Group 1 - Lu Wei's committee positions will take effect upon the approval of his directorship qualifications by the National Financial Regulatory Administration [1] - Following Lu Wei's official appointment, Yao Hong will no longer serve as the acting chairman of the Social Responsibility and Consumer Rights Protection Committee [1]

Group 1 - Postal Savings Bank of China (601658) announced the election of Mr. Lu Wei as the chairman and member of the Board's Social Responsibility and Consumer Rights Protection Committee, as well as a member of the Board's Strategic Planning Committee and Nomination and Remuneration Committee [1] - Mr. Lu Wei's committee positions will take effect upon the approval of his directorship qualification by the National Financial Supervision Administration [1] - Following Mr. Lu Wei's official appointment, Ms. Yao Hong will no longer serve as the acting chairman of the Board's Social Responsibility and Consumer Rights Protection Committee [1]

Group 1 - Postal Savings Bank of China (01658) announced the election of Mr. Lu Wei as the chairman and member of the Board's Social Responsibility and Consumer Rights Protection Committee, as well as a member of the Board's Strategic Planning Committee and Nomination and Remuneration Committee, effective from the date of approval of his directorship qualification by the National Financial Supervision Administration [1] - Upon Mr. Lu Wei's official appointment, Ms. Yao Hong will no longer serve as the acting chairman of the Board's Social Responsibility and Consumer Rights Protection Committee [1]