Di Yi Cai Jing·2025-09-24 02:41Core Insights - Postal Savings Bank of China announced the absorption and merger of its wholly-owned subsidiary, Postal Bank of China Huinong Bank, which will lead to the cancellation of the latter's independent legal status and the transfer of all its business and assets to the parent bank [3][4] Group 1: Company Actions - The merger is part of a broader trend in the banking industry towards digital transformation and resource optimization, aiming to reduce operational costs and enhance efficiency [3][4] - The independent value of direct banks has diminished significantly due to the increasing capabilities of mobile banking, which offers more comprehensive financial services [4] Group 2: Financial Impact - The financial statements of Huinong Bank have already been fully consolidated into Postal Savings Bank's reports, meaning the merger will not affect the bank's financial condition or operational results [5] - The impact on future performance is expected to be minimal, as the loans and deposits from Huinong Bank are relatively small and will not be renewed after their natural maturity [5]