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China CITIC Bank ( (HK:0998) ) has provided an announcement.
China CITIC Bank has obtained approval from the National Financial Regulatory Administration for amendments to its Articles of Association and related procedural rules, which took effect on 16 December 2025, marking an update to the bank’s core governance framework. As part of these changes, the bank has formally dissolved its Board of Supervisors, transferring its supervisory duties and powers to the Audit Committee of the Board of Directors in line with the PRC Company Law and regulatory requirements, repealing all associated supervisory rules, and confirming that outgoing supervisors have no disputes or outstanding issues with the bank, signaling a streamlined governance structure for shareholders and other stakeholders.
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. It provides a wide range of banking and financial services to corporate and retail clients, operating under China’s evolving financial regulatory and corporate governance framework.
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.