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Jinshang Bank Proposes Governance Restructuring Amid New PRC Company Law

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Jinshang Bank Proposes Governance Restructuring Amid New PRC Company Law

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Jinshang Bank Co., Ltd. Class H ( (HK:2558) ) has provided an announcement.

Jinshang Bank Co., Ltd. has proposed amendments to its Articles of Association in response to the new Company Law of the People’s Republic of China, effective from July 2024. The bank aims to improve decision-making efficiency and optimize its governance structure by discontinuing its board of supervisors, with their functions to be assumed by an audit committee. This proposal requires approval from both the bank’s shareholders and the Shanxi Supervision Bureau.

More about Jinshang Bank Co., Ltd. Class H

Jinshang Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates within the financial industry, focusing on banking services. The company is not authorized to conduct banking or deposit-taking business in Hong Kong and is not supervised by the Hong Kong Monetary Authority.

Average Trading Volume: 3,670,757

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.06B

See more data about 2558 stock on TipRanks’ Stock Analysis page.

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