BOC Hong Kong (Holdings) Limited released a new mandate for its Risk Committee in October 2025, clarifying the committee’s expanded remit and oversight responsibilities. The document underscores the committee’s focus on defining the Group’s risk appetite, supervising major risk-management policies, and ensuring that risk procedures align with regulatory requirements.

The committee retains comprehensive oversight of credit, market, operational, technology, interest rate, and liquidity risks, as well as compliance, strategic, and reputation risks. It is tasked with approving high-level risk policies, reviewing exposure limits, and identifying any material non-compliance. Senior management remains directly responsible for day-to-day risk control, guided by the Risk Committee’s directives.

Key features of the updated mandate include delegating broader authority to the Chief Executive to approve detailed risk strategies within approved criteria, while material exposures or novel activities will be escalated to the Committee for review. The document also outlines clear authority for the Chief Risk Officer to assist in managing all risk types across the Group, with performance evaluations subject to the Board’s assessment.

The mandate details the composition of the committee, requiring members to have non-executive director status, the necessary expertise, and familiarity with the Group’s risk profile. The chairperson leads discussions, sets meeting agendas, and ensures members receive adequate information. The committee will meet regularly, at least four times a year, with additional sessions convened if necessary.

This renewed framework aims to strengthen the Group’s risk governance structure by empowering the Risk Committee to manage evolving risk landscapes and maintain alignment with international risk-management standards and regulatory expectations.