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The latest update is out from China Minsheng Banking ( (HK:1988) ).
China Minsheng Banking Corp., Ltd. has received approval from the National Financial Regulatory Administration for amendments to its Articles of Association, which include the abolition of its Board of Supervisors. This change, effective immediately, shifts the supervisory responsibilities to the Audit Committee under the Board of Directors, aligning with regulatory requirements. The dissolution of the Board of Supervisors marks a significant shift in the bank’s corporate governance structure, potentially impacting its operational oversight and stakeholder engagement.
The most recent analyst rating on (HK:1988) stock is a Buy with a HK$5.87 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 limited company incorporated in the People’s Republic of China. The bank operates in the financial services industry, providing a range of banking products and services. It is listed on the Stock Exchange of Hong Kong with a focus on serving both corporate and individual clients.
Average Trading Volume: 46,800,751
Technical Sentiment Signal: Buy
Current Market Cap: HK$191.9B
For an in-depth examination of 1988 stock, go to TipRanks’ Overview page.