China CITIC Bank Tightens Governance With Updated Nomination and Remuneration Committee Rules

An update from China CITIC Bank ( (HK:0998) ) is now available.

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 decision-making at board level and enhance its overall corporate governance structure. The revised rules clarify the committee’s composition, emphasizing an independent director majority with a significant proportion of financial professionals, specify nomination procedures for committee members and chairperson, and detail the responsibilities of the chair, including convening meetings, ensuring information transparency, and forming clear resolutions for submission to the board. These changes are intended to strengthen oversight of director nominations and remuneration, improve the professionalism and effectiveness of the committee’s work, and align the bank more closely with Chinese regulatory standards and Hong Kong listing requirements, which may enhance confidence among regulators, investors and other stakeholders in the bank’s governance practices.

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 commercial banking institution in China, operating under Chinese corporate and banking governance regulations and listed on multiple securities exchanges, including Hong Kong. The bank’s corporate governance framework is shaped by the Company Law of the People’s Republic of China, the Code of Corporate Governance for Banking and Insurance Institutions, and listing rules applicable to its publicly traded shares.

Average Trading Volume: 28,108,181

Technical Sentiment Signal: Buy

Current Market Cap: HK$435.8B

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