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Zhongyuan Bank Co., Ltd. Class H ( (HK:1216) ) has provided an update.
Zhongyuan Bank has received regulatory approval from the Henan Office of the National Financial Regulatory Administration confirming the qualification of Zhou Feng as president of the bank, with his term commencing on 31 December 2025 and lasting until the re-election of the third session of the board. The confirmation of Zhou’s role, who is also elected as vice chairman of the current board subject to further regulatory approval, solidifies the bank’s senior leadership structure and is expected to provide continuity and stability in governance as it pursues its strategic objectives in its core mainland market.
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 joint stock commercial bank incorporated in the People’s Republic of China and listed in Hong Kong, serving customers primarily in Henan province. The bank is not an authorized institution under Hong Kong’s Banking Ordinance and is therefore not supervised by the Hong Kong Monetary Authority nor permitted to conduct banking or deposit-taking business in Hong Kong, focusing instead on its mainland China operations.
Average Trading Volume: 1,521,791
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.88B
See more insights into 1216 stock on TipRanks’ Stock Analysis page.