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China Minsheng Banking ( (HK:1988) ) has shared an announcement.
China Minsheng Banking Corp., Ltd. has announced that non-executive director Zhao Peng has resigned from the bank’s ninth board, including his roles on the Risk Management and Nomination committees, effective 26 December 2025. To fill the vacancy, the board has nominated Zhang Zhen, currently deputy general manager (in charge) of Dajia Asset Management and a seasoned insurance and asset management executive, as a non-executive director, subject to shareholder approval and subsequent clearance of his directorship qualification by China’s National Financial Regulatory Administration; his appointment, without director’s remuneration, is expected to strengthen the board’s expertise in asset management and insurance-related investments while maintaining regulatory and governance transparency for shareholders and creditors.
The most recent analyst rating on (HK:1988) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on China Minsheng Banking stock, see the HK:1988 Stock Forecast page.
More about China Minsheng Banking
China Minsheng Banking Corp., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China and listed in Hong Kong. It operates in the banking and financial services industry, providing a broad range of corporate and retail banking products to mainland Chinese clients and international investors through its Hong Kong listing.
YTD Price Performance: 20.31%
Average Trading Volume: 26,831,389
Technical Sentiment Signal: Buy
Current Market Cap: HK$184.6B
Learn more about 1988 stock on TipRanks’ Stock Analysis page.