Luzhou Bank Sets Out Board Structure and Governance Committees

Luzhou Bank Co., Ltd. Class H ( (HK:1983) ) just unveiled an announcement.

Luzhou Bank Co., Ltd. has disclosed the current composition of its board of directors, detailing executive, non-executive and independent non-executive members, with Mr. You Jiang serving as chairman. The disclosure also sets out the structure and memberships of six key governance committees, including audit, risk management, nomination and remuneration, related party transactions control, development and strategy, and consumer rights protection, underscoring the bank’s efforts to formalize oversight, risk control and stakeholder protection within its mainland China operations while clarifying that it remains outside Hong Kong’s banking regulatory regime.

More about Luzhou Bank Co., Ltd. Class H

Luzhou Bank Co., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China, focusing on providing banking and related financial services in its domestic market. The bank is listed in Hong Kong as Class H shares but is not an authorized institution under Hong Kong’s Banking Ordinance and therefore is not supervised by the Hong Kong Monetary Authority and cannot conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 47,843

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$6.22B

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