Chongqing Rural Commercial Bank Reshapes Governance After NFRA Backs Charter Changes

Chongqing Rural Commercial Bank Co ( (HK:3618) ) just unveiled an update.

Chongqing Rural Commercial Bank has secured regulatory approval from the Chongqing office of the NFRA for amendments to its Articles of Association, which took effect upon approval and will be published on both the Hong Kong exchange disclosure platform and the bank’s own website. The move reflects ongoing alignment of the bank’s governance framework with regulatory guidance and its specific operating circumstances.

Following the effectiveness of the amended Articles of Association, the bank has formally cancelled its Board of Supervisors, transferring its statutory oversight functions and powers to the audit committee of the Board and abolishing related governance rules. All members of the fifth Board of Supervisors have stepped down from their roles without disagreement with management, signalling a planned restructuring of oversight rather than a dispute-driven change and marking a shift toward a board committee–centric governance model.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.55 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 joint stock commercial bank incorporated in the People’s Republic of China, holding a PRC financial licence and a corporate legal person business licence in Chongqing. The bank is listed in Hong Kong under stock code 3618 but is not an authorised institution under Hong Kong’s Banking Ordinance and is not supervised by the Hong Kong Monetary Authority for banking or deposit-taking business in Hong Kong.

Average Trading Volume: 12,477,326

Technical Sentiment Signal: Buy

Current Market Cap: HK$93.45B

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