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China CITIC Bank Sets Line-Up for Seventh Board and Key Committees

Story Highlights
  • China CITIC Bank named its seventh board, led by chairman Fang Heying and president Lu Wei.
  • The bank detailed membership of five board committees, underscoring governance, risk and consumer focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China CITIC Bank Sets Line-Up for Seventh Board and Key Committees

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The latest announcement is out from China CITIC Bank ( (HK:0998) ).

China CITIC Bank has announced the composition of the seventh session of its board of directors, detailing the roles of executive, non-executive and independent non-executive directors and confirming Fang Heying as chairman and Lu Wei as president. The bank has also disclosed the membership and leadership structure of its five key board committees—covering strategic and sustainable development, risk management, audit, related-party transactions control, nomination and remuneration, and consumer rights protection—signaling continued emphasis on governance, risk oversight and stakeholder protection in line with regulatory and market expectations.

The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.

More about China CITIC Bank

China CITIC Bank Corporation Limited is a joint stock commercial bank incorporated in the People’s Republic of China and listed in Hong Kong under stock code 998. The bank operates in the financial services industry, providing a broad range of banking products and services to corporate and retail customers in China and overseas, and is overseen by a board structure that includes executive, non-executive and independent non-executive directors.

Average Trading Volume: 28,715,971

Technical Sentiment Signal: Buy

Current Market Cap: HK$433.5B

For detailed information about 0998 stock, go to TipRanks’ Stock Analysis page.

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