第一财经·2025-09-24 02:30Core Viewpoint - Postal Savings Bank of China (PSBC) announced the absorption and merger of its wholly-owned subsidiary, Postal Savings Bank Huinong Bank, indicating a trend in the banking industry towards digital transformation and integrated operations [2][3][4]. Group 1: Merger Details - The merger will result in the cancellation of Postal Savings Bank Huinong Bank's independent legal status, with all its business, assets, debts, and rights being inherited by PSBC [2]. - Customers of Postal Savings Bank Huinong Bank will not be affected, and existing contracts will remain valid [2]. Group 2: Industry Trends - The merger reflects a broader trend in the banking sector where over 20 banks have shut down or integrated their direct banking operations in recent years, indicating a shift towards integrated banking services [4]. - Direct banks initially gained attention for their online and low-cost features, but their independent value has diminished compared to the increasingly capable mobile banking services [4]. Group 3: Financial Impact - The financial statements of Postal Savings Bank Huinong Bank have already been fully consolidated into PSBC's reports, meaning the merger will not impact PSBC's financial status or operational results [5]. - The existing loans and deposits from Postal Savings Bank Huinong Bank are relatively small, and their natural expiration will not significantly affect PSBC's future performance [5].