CRRC Names Veteran State-Enterprise Executive Qu Xiaoli as New CFO

CRRC ( (HK:1766) ) has issued an announcement.

CRRC Corporation Limited has appointed Qu Xiaoli as its chief financial officer and chief accountant, following the resignation of the previous CFO, with his term running from the board’s approval on 28 February 2026 until the end of the current board session. Qu, a senior accountant and member of the company’s Party Committee standing committee, brings extensive financial and managerial experience from senior roles at China National Materials Group and China National Building Material Group, underscoring CRRC’s emphasis on seasoned state-enterprise financial leadership at a time when governance and financial stewardship remain central for stakeholders.

As part of the announcement, CRRC also reaffirmed the current composition of its board, including executive, non-executive, independent non-executive and employee directors. The move signals continuity and stability in the company’s top governance structure, providing investors and other stakeholders with clarity on financial oversight and leadership during the remaining tenure of the fourth session board.

The most recent analyst rating on (HK:1766) stock is a Hold with a HK$6.40 price target. To see the full list of analyst forecasts on CRRC stock, see the HK:1766 Stock Forecast page.

More about CRRC

CRRC Corporation Limited is a Chinese state-owned rail equipment manufacturer listed in Hong Kong, focusing on the design and production of rolling stock, rail transit equipment and related services. The company plays a key role in China’s rail infrastructure supply chain and serves both domestic and international railway markets.

Average Trading Volume: 14,759,456

Current Market Cap: HK$199.9B

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