Bank of Jiujiang Gains Regulatory Nod to Amend Articles, Scrap Board of Supervisors

Bank of Jiujiang Co., Ltd. Class H ( (HK:6190) ) has shared an update.

Bank of Jiujiang Co., Ltd. has received approval from the Jiangxi office of the National Financial Regulatory Administration for amendments to its Articles of Association, which took effect upon regulatory sign-off. Following this approval, the bank has formally cancelled its Board of Supervisors, transferring all supervisory powers and functions required under PRC company law and financial regulations to the Audit Committee of the Board, dissolving the Board of Supervisors’ special committees, and abolishing related governance rules. The current members of the seventh session of the Board of Supervisors have stepped down from their roles, all confirming they have no disagreements with the Board or matters requiring shareholder or exchange attention, as the bank streamlines its governance structure in line with the updated Articles of Association.

The most recent analyst rating on (HK:6190) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Bank of Jiujiang Co., Ltd. Class H stock, see the HK:6190 Stock Forecast page.

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

Bank of Jiujiang Co., Ltd. is a PRC-incorporated joint stock commercial bank whose H shares are listed in Hong Kong. It provides banking and related financial services on the mainland and, while listed on the Hong Kong Stock Exchange, it is not an authorized institution under Hong Kong’s Banking Ordinance and is not supervised by the Hong Kong Monetary Authority nor permitted to conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 34,054

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.87B

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