---
title: "Ping An Reshapes Governance as Supervisory Committee Is Abolished and Executive Director Resigns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286410995.md"
description: "Ping An Insurance Company of China has received regulatory approval to abolish its supervisory committee, transferring oversight powers to the Audit and Risk Management Committee. This change, effective May 13, 2026, includes the resignation of executive director Cai Fangfang. The company plans to elect a new employee director democratically. The board expressed gratitude to outgoing supervisors and Ms. Cai, indicating a smooth transition. Analysts rate the stock (HK:2318) as a Buy with a target price of HK$86.00, reflecting confidence in Ping An's governance and market position."
datetime: "2026-05-14T11:26:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286410995.md)
  - [en](https://longbridge.com/en/news/286410995.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286410995.md)
---

# Ping An Reshapes Governance as Supervisory Committee Is Abolished and Executive Director Resigns

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The latest update is out from Ping An Insurance Company of China ( (HK:2318) ).

Ping An Insurance has secured regulatory approval from China’s National Financial Regulatory Administration for amendments to its articles of association, which took effect on May 13, 2026 and abolish the company’s supervisory committee. The Audit and Risk Management Committee under the board will now assume the statutory oversight powers previously exercised by the supervisory committee, with all incumbent supervisors retiring and reporting no disagreements, underscoring a shift toward a more board-centric governance structure.

In a parallel governance change, executive director Cai Fangfang resigned from the 13th session of the board and from the Related Party Transaction Control and Consumer Rights Protection Committee, effective May 13, 2026. Ping An plans to elect a new employee director through democratic procedures in line with Chinese company law and its updated articles, as the board publicly thanked both the outgoing supervisors and Ms. Cai, signaling an orderly transition without disclosed disputes.

The most recent analyst rating on (HK:2318) stock is a Buy with a HK$86.00 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.

**More about Ping An Insurance Company of China**

Ping An Insurance (Group) Company of China is a major Chinese financial conglomerate focused on insurance, banking and asset management services. Listed in Hong Kong, the group serves retail and institutional customers and plays a prominent role in China’s financial services sector, with strong emphasis on governance, risk management and compliant operations.

**Average Trading Volume:** 38,541,010

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$1208.9B

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