China Cinda Tightens Audit Committee Rules to Strengthen Financial Oversight

China Cinda Asset Management Co ( (HK:1359) ) just unveiled an announcement.

China Cinda Asset Management has formalised updated terms of reference for its board audit committee, aligning its governance framework with the PRC Company Law, Hong Kong Listing Rules, and its own articles of association and board procedures. The new rules define the audit committee as a specialised body of at least three mainly independent non-executive directors, set qualification requirements, mandate an independent director with accounting expertise as chair, and task the committee with overseeing financial policies, financial reporting, internal control, and communication with internal and external auditors, including at least twice-yearly meetings with the external auditor, thereby reinforcing financial oversight and shareholder protection.

The most recent analyst rating on (HK:1359) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Cinda Asset Management Co stock, see the HK:1359 Stock Forecast page.

More about China Cinda Asset Management Co

China Cinda Asset Management Co., Ltd. is a large Chinese financial services group specialising in distressed asset management, investment, and related financial solutions, with its shares and preference shares listed on the Hong Kong Stock Exchange. The company operates under the regulatory framework of the People’s Republic of China and Hong Kong listing rules, with a governance structure centred on a board of directors and specialised committees to oversee risk, audit, and internal control.

Average Trading Volume: 118,155,377

Technical Sentiment Signal: Buy

Current Market Cap: HK$50.38B

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