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China Reinsurance (Group) Corp. Class H ( (HK:1508) ) has shared an update.
China Reinsurance (Group) Corporation has nominated Lyu Zhi as a non-executive director candidate for its fifth board session, with his appointment subject to shareholder approval and regulatory clearance from the National Financial Regulatory Administration. Lyu, a PhD holder, brings international engineering experience from Schlumberger and senior investment roles at China Investment Corporation and its affiliates, and currently sits on the boards of several Galaxy-branded financial institutions; he will enter into a service contract with China Re but will not receive director’s remuneration, underscoring his role as an external, independent-minded board member as the group moves to refresh its governance structure.
The most recent analyst rating on (HK:1508) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Reinsurance (Group) Corp. Class H stock, see the HK:1508 Stock Forecast page.
More about China Reinsurance (Group) Corp. Class H
China Reinsurance (Group) Corporation is a major Chinese reinsurance group listed in Hong Kong, operating in the insurance and reinsurance industry. The company focuses on providing reinsurance and related financial services in the People’s Republic of China and internationally, and is overseen by a board comprising executive, non-executive and independent non-executive directors.
Average Trading Volume: 16,397,847
Technical Sentiment Signal: Buy
Current Market Cap: HK$72.64B
Learn more about 1508 stock on TipRanks’ Stock Analysis page.