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Guolian Minsheng Securities Tightens Audit Oversight With New Committee Rules

Story Highlights
  • Guolian Minsheng Securities has codified Audit Committee procedures to enhance independent oversight of financial reporting and controls.
  • The new rules mandate a majority-independent Audit Committee with accounting expertise to oversee external auditors and audit quality.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Guolian Minsheng Securities Tightens Audit Oversight With New Committee Rules

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Guolian Securities Co., Ltd. Class H ( (HK:1456) ) has provided an announcement.

Guolian Minsheng Securities Company Limited has issued detailed rules of procedures for its Board Audit Committee, formalizing how the committee independently and effectively oversees financial reporting, information disclosure, auditing activities and internal control in line with PRC company and securities laws, domestic governance guidelines and the listing requirements of the Shanghai and Hong Kong stock exchanges. The rules define the Audit Committee’s composition—requiring at least three non-executive directors, a majority of whom are independent and one with substantial accounting or financial expertise—and set clear responsibilities for recommending the appointment and terms of external auditors, and for assessing their independence, professionalism and audit effectiveness, strengthening the firm’s governance framework and assurance to investors on the quality and integrity of its financial oversight.

More about Guolian Securities Co., Ltd. Class H

Guolian Minsheng Securities Company Limited is a PRC-based securities firm engaged in investment banking and brokerage-related financial services, operating as a joint stock company with shares listed on both the Shanghai Stock Exchange and The Stock Exchange of Hong Kong. The company is subject to Chinese securities regulation and Hong Kong Listing Rules, and emphasizes corporate governance structures aligned with listed company and securities industry guidelines.

Average Trading Volume: 4,812,033

Technical Sentiment Signal: Buy

Current Market Cap: HK$62.54B

See more data about 1456 stock on TipRanks’ Stock Analysis page.

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