China Merchants Bank Co (HK:3968) has released an update.
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China Merchants Bank Co., Ltd. is set to appoint Ernst & Young Hua Ming and Ernst & Young HK as its new domestic and international accounting firms for the fiscal year 2024, replacing Deloitte CPA and Deloitte HK after an eight-year tenure. This change is in compliance with Chinese Ministry of Finance regulations and is pending approval at the Company’s general meeting. The decision reflects a strategic move to maintain audit quality and adhere to mandatory rotation requirements.
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