Harbin Bank Strengthens Audit Committee Mandate and Governance Framework

Harbin Bank Co., Ltd. Class H ( (HK:6138) ) has shared an announcement.

Harbin Bank Co., Ltd. has amended and restated the terms of reference for its Board Audit Committee, reinforcing the committee’s mandate to oversee the bank’s financial reporting, internal controls and supervision of management. The updated rules clarify the committee’s structure and composition—requiring three non-executive directors, a majority of whom must be independent—and specify that the chair must be an independent non-executive director with a minimum on-site working commitment each year. The revisions also strengthen independence safeguards by restricting recent partners of the bank’s external auditor from serving on the committee for a defined cooling-off period, and detail responsibilities such as reviewing accounting policies, financial statements and internal audit findings, signaling a continued effort to enhance corporate governance and regulatory compliance for stakeholders.

The most recent analyst rating on (HK:6138) stock is a Hold with a HK$0.36 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, operating in the banking and financial services industry. It focuses on traditional commercial banking lines such as lending, deposits and related financial services, and is subject to PRC banking regulations as well as Hong Kong listing rules, which shape its corporate governance and internal control framework.

Average Trading Volume: 1,598,670

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$4.07B

See more data about 6138 stock on TipRanks’ Stock Analysis page.