China CITIC Bank Tightens Governance with New Rules for Nomination and Remuneration Committee

China CITIC Bank ( (HK:0998) ) has shared an update.

China CITIC Bank has updated and approved Version 3.0 (2025) of the Rules of Procedures for its Board Nomination and Remuneration Committee, aiming to further standardize the board’s decision-making mechanism and strengthen its corporate governance structure. The revised rules define the committee’s composition, requiring at least three directors with independent directors in the majority and at least one-third being financial professionals, and set out the process for nominating and appointing the committee chairperson and members. They also clarify the duties of the chairperson, the obligations of committee members to actively participate and stay informed about the bank’s operations, and their authority to attend other meetings, conduct investigations, and access necessary information, reinforcing oversight of board appointments and remuneration matters in line with Chinese laws, Hong Kong Listing Rules, and other regulatory requirements.

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 Chinese commercial bank that operates under the corporate governance and regulatory framework for banking and insurance institutions in China and in overseas markets where its shares are listed, including Hong Kong. As a listed financial institution, it is subject to requirements from securities regulatory authorities and stock exchanges, and maintains a board-led governance structure with specialized committees to oversee nominations, remuneration, and other key functions.

Average Trading Volume: 28,108,181

Technical Sentiment Signal: Buy

Current Market Cap: HK$435.8B

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