Chongqing Machinery & Electric Consolidates Leadership as Board Elects Yue Xiangjun Chairman

An update from Chongqing Machinery & Electric Co. Ltd. Class H ( (HK:2722) ) is now available.

Chongqing Machinery & Electric Co., Ltd. has appointed 49-year-old senior engineer Yue Xiangjun as chairman of its seventh board session, following a nomination from its controlling shareholder and approval at an interim board meeting on 12 January 2026, with his term running until the end of the current board’s tenure. Yue, already the company’s party secretary, executive director and general manager, brings extensive experience across the Chongqing Machinery & Electronics group and related affiliates, and will receive a remuneration package aligned with the company’s director pay framework, signaling a consolidation of leadership that may enhance strategic continuity and governance stability for the state-backed industrial group and its stakeholders.

The most recent analyst rating on (HK:2722) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Chongqing Machinery & Electric Co. Ltd. Class H stock, see the HK:2722 Stock Forecast page.

More about Chongqing Machinery & Electric Co. Ltd. Class H

Chongqing Machinery & Electric Co., Ltd. is a Hong Kong-listed, PRC-incorporated industrial group active in the machinery and electrical equipment sector. The company sits within a broader state-owned conglomerate, Chongqing Machinery & Electronics Holding (Group) Co., Ltd., and its operations span intelligent manufacturing, power equipment and related mechanical and electrical products, with interests in joint ventures and subsidiaries involved in transformers, engines and advanced materials.

YTD Price Performance: 18.13%

Average Trading Volume: 19,390,442

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.92B

For detailed information about 2722 stock, go to TipRanks’ Stock Analysis page.