Bank of Communications Gains Regulatory Approval for New Independent Director, Marks Board Transition

Bank of Communications Co ( (HK:3328) ) has issued an update.

Bank of Communications has received approval from China’s National Administration of Financial Regulation for the qualification of Liu Ruixia to serve as an independent non-executive director, after which she has officially taken office. Following this regulatory clearance, Liu has also joined the bank’s Risk Management and Related Party Transactions Control Committee and its Personnel and Remuneration Committee, while long-serving independent non-executive director Shi Lei has stepped down from the board and its key committees, marking a governance transition that refreshes the bank’s independent oversight without reported disagreement or controversy.

The most recent analyst rating on (HK:3328) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on Bank of Communications Co stock, see the HK:3328 Stock Forecast page.

More about Bank of Communications Co

Bank of Communications Co., Ltd. is a major commercial bank incorporated in the People’s Republic of China and listed in Hong Kong, providing a broad range of banking and financial services to corporate and retail clients. As one of China’s leading state-linked lenders, it plays a significant role in the domestic financial system and in serving mainland and international markets.

YTD Price Performance: 1.71%

Average Trading Volume: 29,627,652

Technical Sentiment Signal: Buy

Current Market Cap: HK$619.2B

For a thorough assessment of 3328 stock, go to TipRanks’ Stock Analysis page.