China Zheshang Bank Dissolves Board of Supervisors
China Zheshang Bank (HKG:2016, SHA:601916) dissolved its board of supervisors after receiving regulatory approval for amendments to its articles of association, according to a Friday Hong Kong bourse filing.The bank said its audit committee will assume the statutory functions and powers previously performed by the board of supervisors.Hong Kong-listed shares of Zheshang Bank were down more than 1% in Monday's late morning trade.