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Bank of Chongqing Updates Board Composition and Governance Structure

Story Highlights
  • Bank of Chongqing detailed its PRC-licensed status and lack of Hong Kong banking authorisation.
  • The bank announced its full board lineup and committee assignments, underscoring strengthened governance oversight.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bank of Chongqing Updates Board Composition and Governance Structure

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An update from Bank of Chongqing Co., Ltd. Class H ( (HK:1963) ) is now available.

Bank of Chongqing Co., Ltd., a PRC-licensed commercial bank with H-shares listed in Hong Kong, operates under mainland regulatory oversight and does not hold authorisation to conduct banking or deposit-taking activities in Hong Kong.

The bank has published an updated list of its directors and detailed the allocation of roles across its six board committees, confirming Chairman Yang Xiuming and President Gao Song as executive directors alongside a mix of non-executive and independent non-executive directors. The announcement clarifies committee leadership and membership, including strategy and innovation, risk management, audit, connected transactions control, nomination and remuneration, and consumer protection, signalling a structured governance framework and potentially reinforcing board oversight, risk control and investor transparency for stakeholders.

The most recent analyst rating on (HK:1963) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on Bank of Chongqing Co., Ltd. Class H stock, see the HK:1963 Stock Forecast page.

More about Bank of Chongqing Co., Ltd. Class H

Bank of Chongqing Co., Ltd. is a PRC-incorporated joint stock commercial bank holding a mainland Chinese financial licence and a corporate legal person business licence. It operates under the supervision of mainland banking regulators, but it is not an authorised institution under Hong Kong’s Banking Ordinance, is not supervised by the Hong Kong Monetary Authority, and is not permitted to conduct banking or deposit-taking business in Hong Kong, even though its H-shares are listed there.

Average Trading Volume: 1,614,742

Technical Sentiment Signal: Buy

Current Market Cap: HK$33.8B

Learn more about 1963 stock on TipRanks’ Stock Analysis page.

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