---
title: "Chongqing Rural Commercial Bank Wins Extended Deadline to Restore Board Compliance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290178589.md"
description: "Chongqing Rural Commercial Bank (HK:3618) secured an extension from the Hong Kong Stock Exchange, moving its deadline to restore board compliance to December 31, 2026. This follows the death of an independent non-executive director, which left the board non-compliant with Listing Rules. The bank has nominated two new candidates, approved by shareholders but awaiting regulatory clearance. Once approved, the bank expects to meet governance requirements."
datetime: "2026-06-18T09:41:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290178589.md)
  - [en](https://longbridge.com/en/news/290178589.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290178589.md)
generator: "portal-rs"
---

# Chongqing Rural Commercial Bank Wins Extended Deadline to Restore Board Compliance

Chongqing Rural Commercial Bank Co ( (HK:3618) ) has provided an announcement.

Chongqing Rural Commercial Bank has disclosed that, following the death of an independent non-executive director, its board has been out of compliance with Hong Kong Listing Rules requiring at least three independent non-executive directors and that they comprise at least one-third of the board. The lender has nominated two new independent non-executive directors, whose appointments have been approved by shareholders but still await regulatory approval from the National Financial Regulatory Administration’s Chongqing office.

Because this regulatory vetting is still in progress, the bank has obtained an extension from the Hong Kong Stock Exchange to the grace period for restoring full board compliance, moving the deadline to 31 December 2026 from the original three-month window. Once the qualifications of the two candidates are cleared by the regulator, the bank expects to meet the board composition requirements under the Listing Rules, a step that will shore up its corporate governance framework and maintain its adherence to Hong Kong’s regulatory standards.

The most recent analyst rating on (HK:3618) stock is a Buy  
 with a HK$7.55 price target.  
 To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock,  
 see the HK:3618 Stock Forecast page. 

**More about Chongqing Rural Commercial Bank Co**

Chongqing Rural Commercial Bank Co., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China, holding a PRC banking financial licence and a corporate legal person business licence. The bank is not an authorised institution under Hong Kong’s Banking Ordinance, is not supervised by the Hong Kong Monetary Authority, and is not permitted to conduct banking or deposit-taking business in Hong Kong.

**Average Trading Volume:** 10,131,460

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$84.9B

For a thorough assessment of 3618 stock, go to TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**