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ZHONGTAI FUTURES Company Limited Class H ( (HK:1461) ) just unveiled an update.
ZHONGTAI FUTURES Company Limited has proposed amendments to its Articles of Association to strengthen consolidated management and adjust its governance structure in line with new regulatory guidance. In response to the Securities Association of China’s Guidelines for Consolidated Management of Securities Companies, the board will assume explicit ultimate responsibility for consolidated management, including setting and approving key rules, risk appetite, risk tolerance and major risk limits, overseeing implementation across the consolidated management system, reviewing practices and aligning development strategy with consolidated management performance, and ensuring senior management fulfills these duties. The general manager’s functions will be updated to include arranging the implementation of consolidated management, while an existing restriction preventing the same individual from concurrently serving as chairman and general manager will be removed, reflecting prevailing industry and regulatory practice and potentially giving the company greater flexibility in senior leadership arrangements.
The most recent analyst rating on (HK:1461) stock is a Hold with a HK$0.64 price target. To see the full list of analyst forecasts on ZHONGTAI FUTURES Company Limited Class H stock, see the HK:1461 Stock Forecast page.
More about ZHONGTAI FUTURES Company Limited Class H
ZHONGTAI FUTURES Company Limited is a PRC-incorporated futures company listed in Hong Kong, operating in the securities and derivatives industry. The firm focuses on futures brokerage and related financial services, and is subject to Chinese securities regulation and industry guidelines that shape its corporate governance and risk management framework.
Average Trading Volume: 276,217
Technical Sentiment Signal: Buy
Current Market Cap: HK$701.3M
See more insights into 1461 stock on TipRanks’ Stock Analysis page.