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China Reinsurance (Group) Corp. Class H ( (HK:1508) ) just unveiled an update.
China Reinsurance (Group) Corporation has obtained approval from China’s National Financial Regulatory Administration for amendments to its Articles of Association, as passed at its first extraordinary general meeting of 2025, with the revised articles taking effect from the regulator’s approval date. A key governance change under the new Articles is the abolition of the Board of Supervisors, with its statutory oversight duties to be transferred to the audit committee of the board, leading to the simultaneous dissolution of the supervisors’ special committees and the departure of four supervisors, who leave without any stated disagreements. The move streamlines the group’s corporate governance framework in line with updated regulatory requirements and may concentrate oversight functions within the board’s audit committee, potentially affecting how shareholders and regulators interface with the company’s internal control and supervisory mechanisms.
The most recent analyst rating on (HK:1508) stock is a Buy 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 with a focus on providing reinsurance solutions and related services in the domestic Chinese and international markets. Through its various subsidiaries and business lines, the group underwrites a wide range of property, casualty, life and specialty reinsurance risks, supporting primary insurers’ capacity and risk management needs.
YTD Price Performance: -0.60%
Average Trading Volume: 16,018,616
Technical Sentiment Signal: Buy
Current Market Cap: HK$70.94B
For a thorough assessment of 1508 stock, go to TipRanks’ Stock Analysis page.