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An update from Chongqing Rural Commercial Bank Co ( (HK:3618) ) is now available.
Chongqing Rural Commercial Bank Co., Ltd. announced the proposed cancellation of its board of supervisors, with its functions to be assumed by the audit committee of the board of directors. This move, subject to shareholder approval, aims to streamline corporate governance and will involve amending the bank’s articles of association. The decision reflects compliance with regulatory changes in China and could impact the bank’s governance structure, potentially affecting stakeholders involved.
The most recent analyst rating on (HK:3618) stock is a Buy with a HK$5.05 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 limited company incorporated in the People’s Republic of China, primarily operating in the financial sector. The bank holds a financial license approved by the regulatory authority of the PRC banking industry and is authorized to obtain a corporate legal person business license. However, it is not authorized to conduct banking or deposit-taking business in Hong Kong.
Average Trading Volume: 23,894,622
Current Market Cap: HK$89.26B
For a thorough assessment of 3618 stock, go to TipRanks’ Stock Analysis page.