Chongqing Rural Commercial Bank Finalizes 2024 Executive Pay

Chongqing Rural Commercial Bank Co ( (HK:3618) ) has issued an update.

Chongqing Rural Commercial Bank Co., Ltd. has disclosed and finalized the 2024 pre-tax remuneration for its key executives, including directors and senior management, following approval by the board and its remuneration committee. The figures, which cover roles such as president, vice presidents, and former chairman, reflect state regulations and the bank’s annual operating performance assessment, offering shareholders greater transparency into governance and pay practices.

President and executive director Sui Jun received the highest disclosed pre-tax remuneration at RMB 7.942 million, while other current and former senior leaders, including former chairman Xie Wenhui and former executive director and vice president Zhang Peizong, received between roughly RMB 5 million and RMB 6.7 million. The announcement, released alongside the bank’s 2024 annual report, clarifies that these amounts represent all pre-tax remuneration payable to the persons in charge for the year, underscoring the bank’s effort to align compensation with performance and regulatory requirements.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

More about Chongqing Rural Commercial Bank Co

Chongqing Rural Commercial Bank Co., Ltd. is a PRC-incorporated joint stock commercial bank focused on providing banking and financial services under a mainland Chinese financial licence. The bank is not authorised under Hong Kong’s Banking Ordinance and therefore is not supervised by the Hong Kong Monetary Authority nor permitted to conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 11,457,988

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$80.88B

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