China Minsheng Banking Proposes Governance Changes and Director Nomination

The latest update is out from China Minsheng Banking ( (HK:1988) ).

China Minsheng Banking Corp., Ltd. has proposed amendments to its Articles of Association and plans to cancel its Board of Supervisors, subject to approval at the general meeting and by the National Financial Regulatory Administration. Additionally, the bank has nominated Mr. Zheng Haiyang as a non-executive director, pending approval at the general meeting and by the NFRA. These changes are part of the bank’s strategic adjustments to streamline governance and enhance leadership.

The most recent analyst rating on (HK:1988) stock is a Hold with a HK$2.65 price target. To see the full list of analyst forecasts on China Minsheng Banking stock, see the HK:1988 Stock Forecast page.

More about China Minsheng Banking

China Minsheng Banking Corp., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the banking industry, providing a range of financial services and products. The company is listed on the Hong Kong Stock Exchange with a focus on serving both corporate and individual clients.

Average Trading Volume: 36,154,505

Technical Sentiment Signal: Buy

Current Market Cap: HK$199.8B

Learn more about 1988 stock on TipRanks’ Stock Analysis page.