---
title: "China Merchants Securities Proposes Two Veteran Executives as New Non-Executive Directors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283368411.md"
description: "China Merchants Securities Co., Ltd. has nominated Tao Wu and Gao Hong as non-executive directors for its eighth board session, following the resignations of two directors. Their appointments, pending shareholder approval, aim to enhance governance and strategic coordination within the China Merchants conglomerate. Tao brings extensive finance experience, while Gao has a background in insurance and technology, suggesting continuity and expertise in board oversight. The current analyst rating for the stock (HK:6099) is a Hold with a price target of HK$14.50."
datetime: "2026-04-20T14:10:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283368411.md)
  - [en](https://longbridge.com/en/news/283368411.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283368411.md)
---

# China Merchants Securities Proposes Two Veteran Executives as New Non-Executive Directors

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China Merchants Securities Co., Ltd. Class H ( (HK:6099) ) has issued an update.

China Merchants Securities has nominated two veteran China Merchants Group executives, Tao Wu and Gao Hong, as non-executive directors for its eighth board session, following the previously announced resignations of two non-executive directors due to work arrangements. The appointments, which require approval at an upcoming shareholders’ general meeting, are expected to reinforce the brokerage’s governance with deep experience across group finance, leasing, logistics and insurance, potentially strengthening strategic coordination within the China Merchants conglomerate.

Tao, 59, brings a long track record in finance and treasury roles at China Merchants Shekou, the group’s financial leasing arm and several listed logistics and energy shipping subsidiaries, underpinned by a finance degree from Southwestern University of Finance and Economics. Gao, 58, previously served on the China Merchants Securities board and has held senior positions across life insurance, financial services and technology functions at China Merchants and other major Chinese insurers, suggesting continuity in board oversight and enhanced expertise in financial technology and insurance-related businesses.

The most recent analyst rating on (HK:6099) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on China Merchants Securities Co., Ltd. Class H stock, see the HK:6099 Stock Forecast page.

**More about China Merchants Securities Co., Ltd. Class H**

China Merchants Securities Co., Ltd. is a mainland Chinese securities firm offering brokerage, investment banking and related financial services, with its H-shares listed in Hong Kong under stock code 6099. The company operates within the wider China Merchants Group financial ecosystem, alongside leasing, insurance and venture capital affiliates, giving it an integrated position in China’s capital markets.

**YTD Price Performance:** -0.43%

**Average Trading Volume:** 3,749,744

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$152.9B

Find detailed analytics on 6099 stock on TipRanks’ Stock Analysis page.

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