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Zhongyuan Bank Co., Ltd. Class H ( (HK:1216) ) has shared an update.
Zhongyuan Bank Co., Ltd. has formalised detailed rules of procedure for its Nomination and Remuneration Committee under the board of directors to strengthen its corporate governance structure and oversight of director and senior management appointments, remuneration, and performance assessment. The committee, which must comprise at least three directors with a majority of independent directors and an independent chairman, is mandated to advise the board on specialised matters, regularly communicate with senior management on operational and risk developments, monitor changes affecting its remit, and ensure succession and independence requirements are met, signalling a tighter alignment with Chinese banking regulations and Hong Kong Listing Rules and offering greater assurance to shareholders and regulators on governance quality.
The most recent analyst rating on (HK:1216) stock is a Hold with a HK$0.32 price target. To see the full list of analyst forecasts on Zhongyuan Bank Co., Ltd. Class H stock, see the HK:1216 Stock Forecast page.
More about Zhongyuan Bank Co., Ltd. Class H
Zhongyuan Bank Co., Ltd. is a commercial bank operating under the regulatory framework of the People’s Republic of China and the Hong Kong Listing Rules, focusing on providing banking and financial services as a listed institution. The bank is governed by a board of directors and adheres to corporate governance standards applicable to banking and insurance institutions, reflecting its role in the regional and cross-border financial markets.
Average Trading Volume: 1,491,663
Technical Sentiment Signal: Sell
Current Market Cap: HK$12.06B
Learn more about 1216 stock on TipRanks’ Stock Analysis page.