---
title: "Weihai Bank Receives Regulatory Nod for New Non-Executive Director"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286094407.md"
description: "Weihai City Commercial Bank Co., Ltd. has received approval from China's National Financial Regulatory Administration Shandong Office for Mr. Guo Youhui to become a non-executive director, effective May 12, 2026. This follows the resignation of Mr. Jiao Weifeng from the board, indicating a reshuffle that may impact the bank's governance and strategic direction. Weihai Bank, listed in Hong Kong, operates under mainland regulatory oversight and is not licensed to conduct banking in Hong Kong."
datetime: "2026-05-12T11:26:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286094407.md)
  - [en](https://longbridge.com/en/news/286094407.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286094407.md)
---

# Weihai Bank Receives Regulatory Nod for New Non-Executive Director

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Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ) has provided an update.

Weihai Bank Co., Ltd., a PRC-incorporated joint stock commercial bank with H shares listed in Hong Kong, provides banking and financial services but is not licensed as a banking institution in Hong Kong and operates under mainland regulatory oversight. Its board includes a mix of executive, non-executive and independent non-executive directors, in line with governance norms for Chinese banks with offshore listings.

The bank announced that China’s National Financial Regulatory Administration Shandong Office has approved the qualification of Mr. Guo Youhui as a non-executive director, making his appointment effective on May 12, 2026. Concurrently, Mr. Jiao Weifeng has stepped down as a non-executive director and from his roles on the board’s special committees, signaling a board-level reshuffle that may influence the bank’s strategic oversight and governance.

**More about Weihai City Commercial Bank Co., Ltd. Class H**

Weihai Bank Co., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China, focusing on banking and financial services. Its H shares are listed in Hong Kong, although it is not an authorized institution under Hong Kong’s Banking Ordinance and is not supervised by the Hong Kong Monetary Authority or permitted to conduct banking business in Hong Kong.

The bank’s board comprises executive, non-executive and independent non-executive directors, reflecting a typical governance structure for a listed mainland Chinese commercial bank with overseas-listed shares.

**Average Trading Volume:** 17,300

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$16.27B

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