Bank of China board approves governance policies, executive pay, and CITIC transaction limit

Bank of China's board of directors met on December 19, 2025, approving several key proposals. The board passed the "Bank of China Limited Information Disclosure Policy (Revised 2025)" and the "Bank of China Limited Securities Trading Management Measures for Directors and Senior Management (Revised 2025)" unanimously. Additionally, the board approved a daily related-party transaction limit with China CITIC Financial Asset Management Co., Ltd. and China CITIC Financial Asset International Holdings Co., Ltd., totaling yuan 73.46 bn for 2026. This approval was granted with director Li Ziming recusing due to a conflict of interest.

The board also approved the 2024 remuneration distribution plans for its executive directors, senior management, and the supervisor. The executive director's compensation plan received 15 votes in favor, while the senior management plan passed with 13 votes in favor. These compensation plans, including the executive director's and supervisor's remuneration, are subject to shareholder approval. The total pre-tax remuneration for confirmed directors, supervisors, and senior management in the reporting period is yuan 1403.91 m.

The related-party transaction for 2026, totaling yuan 73.46 bn, includes yuan 65.88 bn for credit transactions, yuan 0.40 bn for service transactions, yuan 0.40 bn for deposit transactions, and yuan 7.50 bn for other transactions. These transactions, considered normal course of business, are priced at market rates, ensuring fairness and compliance with regulations. The bank's independent directors confirmed the related-party transactions do not harm the bank or its shareholders, affirming the bank’s independence.