Harbin Bank Plans Board Change With New Non-Executive Director Nominee

An announcement from Harbin Bank Co., Ltd. Class H ( (HK:6138) ) is now available.

Harbin Bank announced a proposed change to its board, as non-executive director Zhang Xianjun will not serve on the ninth session of the board or its Nomination and Remuneration Evaluation Committee due to work relocation, though he will remain in his roles until a successor is approved. The bank’s largest shareholder has nominated Harbin Investment Group executive Du Xiaoquan as a new non-executive director, subject to shareholder and regulatory approval, signaling continued alignment with local government-linked financial institutions and emphasizing governance continuity during the transition.

The board noted that Zhang has no disagreements with the company and expressed gratitude for his service, indicating a stable and orderly leadership handover. Du’s extensive background in municipal finance and his current leadership role at Harbin Investment Group suggest he will bring public-sector fiscal expertise and reinforce the bank’s strategic connections to local government and investment platforms, which may influence its future oversight and development priorities.

The most recent analyst rating on (HK:6138) stock is a Hold with a HK$0.37 price target. To see the full list of analyst forecasts on Harbin Bank Co., Ltd. Class H stock, see the HK:6138 Stock Forecast page.

More about Harbin Bank Co., Ltd. Class H

Harbin Bank Co., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China and listed in Hong Kong. The bank focuses on providing a range of financial and banking services, with its largest shareholder being Harbin Economic Development and Investment Company Limited, underscoring its close ties to municipal and regional development financing.

Average Trading Volume: 1,338,310

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.07B

Learn more about 6138 stock on TipRanks’ Stock Analysis page.