Weihai Bank Updates Board Composition and Committee Roles

Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ) has issued an update.

Weihai Bank Co., Ltd., a PRC-incorporated joint stock commercial bank listed in Hong Kong, has clarified its regulatory status by noting it is not an authorized institution under Hong Kong’s Banking Ordinance and does not conduct banking or deposit-taking business in Hong Kong. The bank’s governance framework reflects a focus on strategic development, risk management, audit oversight, and consumer protection, supported by a mix of executive, non-executive, and independent non-executive directors.

The bank released an updated list of its directors and detailed their roles across key board committees, including development strategy and social responsibility, nomination and remuneration, risk management, related party transaction control, audit, and consumer rights protection. By formally assigning chairperson and vice chairperson responsibilities within these committees, Weihai Bank signals an emphasis on strengthened corporate governance and oversight, which may bolster transparency and stakeholder confidence in its management structure.

More about Weihai City Commercial Bank Co., Ltd. Class H

Weihai Bank Co., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China with limited liability, listed in Hong Kong as a Class H share issuer under stock code 09677. The bank is not an authorized institution under Hong Kong’s Banking Ordinance, is not supervised by the Hong Kong Monetary Authority, and is not permitted to conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 17,300

Technical Sentiment Signal: Sell

Current Market Cap: HK$16.27B

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