Luzhou Bank Reshapes Top Management as Veteran Leaders Retire

Luzhou Bank Co., Ltd. Class H ( (HK:1983) ) has shared an announcement.

Luzhou Bank Co., Ltd. announced a leadership reshuffle as long-serving president Liu Shirong resigned from his executive role upon nearing retirement age, while remaining on the board as a non-executive employee representative director and continuing to sit on key risk and related-party transaction committees. The board emphasized Liu’s three decades of contribution in building the bank into a prominent regional listed lender and confirmed he will receive no extra remuneration for his redesigned position.

To maintain operational continuity, vice president Wang Chong has been appointed to perform the duties of president on an acting basis, subject to regulatory reporting, while vice president Xue Xiaoqin also resigned due to approaching retirement. The bank credited Xue with strengthening customer services, interbank cooperation and internal management, signaling an orderly senior-management transition that aims to preserve business stability and support ongoing high-quality development.

The most recent analyst rating on (HK:1983) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Luzhou Bank Co., Ltd. Class H stock, see the HK:1983 Stock Forecast page.

More about Luzhou Bank Co., Ltd. Class H

Luzhou Bank Co., Ltd. is a regional commercial bank incorporated in the People’s Republic of China and listed in Hong Kong, serving the local real economy in western China. It focuses on business expansion, risk management and internal governance, and is noted as the first listed bank among prefecture-level cities in western China, highlighting its growth momentum and core competitiveness.

Average Trading Volume: 22,884

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.35B

See more data about 1983 stock on TipRanks’ Stock Analysis page.