Zhongyuan Bank Tightens Board Oversight With New Nomination and Remuneration Committee Rules

Zhongyuan Bank Co., Ltd. Class H ( (HK:1216) ) has issued an update.

Zhongyuan Bank Co., Ltd. has formally established and codified the rules of procedure for its Board Nomination and Remuneration Committee, a specialized body responsible for advising the board on the selection, assessment and remuneration of directors and senior management. The rules detail the committee’s mandate to regularly engage with senior management on the bank’s operations and risks, monitor changes affecting its remit, and ensure compliance with Chinese banking regulations, Hong Kong Listing Rules and the bank’s articles of association. The committee must comprise at least three directors, with a majority – including the chair – being independent directors, and sets clear requirements for terms of office, replacement mechanisms and circumstances under which members lose eligibility, underscoring the bank’s efforts to strengthen governance, transparency and board oversight for the benefit of shareholders and regulators.

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 banking institution incorporated in the People’s Republic of China and listed in Hong Kong, operating under the PRC Company Law, Commercial Banking Law, and Hong Kong Listing Rules. The bank focuses on providing a range of banking and financial services, and is building out its corporate governance framework in line with regulatory guidelines for banking and insurance institutions.

Average Trading Volume: 1,491,663

Technical Sentiment Signal: Sell

Current Market Cap: HK$12.06B

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