---
title: "China Cinda Names New Independent Director as Board Committees Revamped"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286409258.md"
description: "China Cinda Asset Management Co has appointed WANG Zhongze as an independent non-executive director, effective May 11, 2026, following regulatory approval. This appointment comes after the departure of LAM Chi Kuen, whose term has expired. WANG will serve on the Audit, Risk Management, and Connected Transaction Control committees, ensuring board independence and continuity. China Cinda is a major player in distressed asset investment and restructuring in China, listed in Hong Kong with a market cap of HK$44.27B."
datetime: "2026-05-14T11:27:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286409258.md)
  - [en](https://longbridge.com/en/news/286409258.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286409258.md)
---

# China Cinda Names New Independent Director as Board Committees Revamped

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

China Cinda Asset Management Co ( (HK:1359) ) has provided an update.

China Cinda Asset Management has appointed WANG Zhongze as an independent non-executive director following regulatory approval of his director qualification by the NFRA, completing a process that began with shareholder approval at an extraordinary general meeting in 2025. His three-year term, effective May 11, 2026, includes roles on the Audit, Risk Management and Connected Transaction Control committees, with remuneration to be set under the company’s standard governance procedures.

The appointment coincides with the departure of independent non-executive director LAM Chi Kuen, whose term has expired and who has stepped down from the Strategic Development, Audit and Connected Transaction Control committees. The board emphasized that LAM leaves without disagreement and expressed gratitude for his service, while confirming that WANG meets Hong Kong listing independence requirements, helping to maintain board independence and continuity in key oversight functions.

**More about China Cinda Asset Management Co**

China Cinda Asset Management Co., Ltd. is a major Chinese financial asset management company focused on distressed asset investment, restructuring and related financial services. Listed in Hong Kong with both ordinary and preference shares, it operates under strict regulatory oversight and plays a significant role in China’s banking and non-performing asset markets.

**Average Trading Volume:** 62,063,894

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$44.27B

Learn more about 1359 stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [01359.HK](https://longbridge.com/en/quote/01359.HK.md)

## Related News & Research

- [China Cinda Tightens Governance With New Nomination and Remuneration Committee Mandate](https://longbridge.com/en/news/271212380.md)
- [China Cinda Asset Management (SEHK:1359) Margin Rebound Tests Bearish Narratives](https://longbridge.com/en/news/281538163.md)
- [14:45 ETLeadership Pittsburgh Inc. Names Jennifer Daurora President & CEO](https://longbridge.com/en/news/287106360.md)
- [11:05 ETThe Church of Jesus Christ of Latter-day Saints Commits $25 Million to the UNICEF-led Child Nutrition Fund](https://longbridge.com/en/news/287088476.md)
- [Prabhudas Lilladher Sticks to Its Buy Rating for Kalpataru Projects International Limited (KPIL)](https://longbridge.com/en/news/286845414.md)