PICC Confirms Regulatory Approval and Effective Date of New Independent Non-Executive Director

People’s Insurance Co (Group) of China ( (HK:1339) ) has provided an update.

The People’s Insurance Company (Group) of China Limited has confirmed that the appointment of Ms. Yeung Cheung Ying as an independent non-executive director became effective on 2 February 2026, following regulatory approval from the National Financial Regulatory Administration and prior shareholder approval at the company’s 2025 first extraordinary general meeting. Her appointment also covers roles on the board’s Strategy and Investment/Sustainable Development Committee, the Nomination and Remuneration Committee and the Related Party Transactions Control Committee, bolstering the company’s governance framework with an additional independent voice; the board has emphasized that Ms. Yeung meets all Hong Kong listing independence criteria, has no related-party ties or shareholdings in the company, and will serve until the end of the fifth board session with eligibility for re-election, signaling a continued focus on regulatory compliance and independent oversight for stakeholders.

The most recent analyst rating on (HK:1339) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on People’s Insurance Co (Group) of China stock, see the HK:1339 Stock Forecast page.

More about People’s Insurance Co (Group) of China

The People’s Insurance Company (Group) of China Limited is a major PRC-based insurance group listed in Hong Kong, operating across multiple insurance segments and related financial services. It focuses on providing a broad range of insurance products and risk management solutions to individuals and institutions in China and overseas markets, underpinned by regulatory oversight from Chinese and Hong Kong authorities.

Average Trading Volume: 46,802,920

Technical Sentiment Signal: Buy

Current Market Cap: HK$418.6B

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