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Baoshang Bank disclosed the latest progress in taking over, and assets and liabilities both fell at the end of the third quarter of last year


2020-02-22 12:35:10Beijing News Reporter: Huang Xinyu Editor: Wang Yu
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Baoshang Bank disclosed the latest progress in taking over, and assets and liabilities both fell at the end of the third quarter of last year

2020-02-22 12:35:10Beijing News Reporter: Huang Xinyu

Recently, a piece of data from the “Interbank Certificate of Issuance Plan for 2020” disclosed the latest operating situation of Baoshang Bank since it was taken over in May last year.

Beijing News (Reporter Huang Xinyu) Recently, Baoshang Bank recently released the “Interbank Certificate of Issuance Plan for 2020”. The latest disclosure data shows that as of the end of September 2019, the total assets and liabilities of Baoshang Bank had “double down”, both of which were 5%.

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Specifically, as of the end of September 2019, Baoshang Bank ’s total assets were 523.1 billion yuan, a decrease of 27.7 billion yuan from the beginning of the year; total liabilities were 493.2 billion yuan, a decrease of 25.1 billion yuan from the beginning of the year.

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According to public information, on May 24, 2019, the China Banking Regulatory Commission decided to take over the Baoshang Bank for a period of one year. The takeover group was established by the central bank and the China Banking and Insurance Regulatory Commission in collaboration with relevant parties, and entrusted the construction bank to entrust the contractor’s banking business. The Baoshang Bank’s interbank deposit certificate issuance plan disclosed this time that, since being entrusted, Baoshang Bank’s original shareholders’ meeting, board of directors, and board of supervisors ceased to perform its duties. The Central Bank and the China Banking and Insurance Regulatory Commission jointly established a joint party committee. Together with the takeover trusteeship group and the Baoshang Bank, a temporary party committee was established to fully exercise the management and management rights of the Baoshang Bank.

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Recently, the establishment of the “new contractor bank” has aroused industry attention.

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On January 7, Huishang Bank (3698.HK) announced that the board of directors passed a resolution, planning to make a one-time investment of no more than RMB 3.6 billion, participating in the establishment of a new provincial local commercial bank, and Huishang Bank holding no more than 15 shares. %. A month later, Huishang Bank disclosed more details through an announcement.

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In the announcement on the evening of February 6, Huishang Bank stated that the bank planned to make a one-time investment of no more than 3.6 billion yuan. It participated in the establishment of a new commercial bank in the autonomous region in the Inner Mongolia Autonomous Region with a registered capital of 200. 100 million yuan. And this newly established provincial-level legal person commercial bank will undertake the assets and liabilities of the contractor bank in Inner Mongolia.

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In the announcement, Huishang Bank also stated that in order to explore the sustainable development path of City Commercial Bank, after deliberation and approval of the board of directors meeting, it is planned to acquire Baoshang Bank Beijing from Baoshang Bank on the takeover date (that is, May 24, 2019) The branches, Shenzhen branch, Chengdu branch and Ningbo branch and these four branches are worth 15.3 billion yuan. Huishang Bank will accept the rights and obligations of the above four branch business units, credit card business employees, office premises and other fixed assets, service procurement related contracts or agreements.

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On July 31, 2019, the credit rating agency Dagong International Credit Rating Co., Ltd. released the “Tracking Rating Report for the Main Body and Related Debts of Baoshang Bank Co., Ltd. in 2019” (hereinafter referred to as the “rating report”).

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The reporter saw in the latest rating report as of now that the credit rating agency has tracked and evaluated the credit status of the Baoshang Bank since the takeover, and determined that the main long-term credit rating of the Baoshang Bank during the takeover is AAA, and the outlook during the takeover is adjusted to “stable “. Before taking over, the main credit rating of Baoshang Bank was AA +, and the rating outlook was “negative”.

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The rating report shows that Baoshang Bank was co-sponsored by Baotou Finance Bureau and 12 legal person shareholders on the basis of the original 17 city credit cooperatives in Baotou in 1998. After several capital increase and expansion of shares, as of the end of June 2019, the company’s registered capital was 4.731 billion yuan.

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According to this interbank deposit certificate issuance plan, currently, Baoshang Bank has established 18 branches, 331 business outlets (including communities, small and micro branches) in Inner Mongolia Autonomous Region and Ningbo, Shenzhen, Chengdu and Beijing outside the autonomous region. More than 8000 people. In addition, it initiated the establishment of Baoyin Consumer Finance Company; initiated the establishment of 31 village and town banks including Beijing Changping, Tianjin Jinnan, and Jiangsu Nantong; and its institutions are located in 17 provinces, municipalities and autonomous regions across the country.

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Beijing News reporter Huang Xinyu

Editor Wang Yu proofreading He Yan

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