As one of the first five private banks, e-commerce bank will soon carry out the second round of capital and share increase since its establishment< Br>

on June 23, Zhejiang banking and Insurance Regulatory Bureau issued a reply on the capital and share increase scheme of Zhejiang e-commerce bank, agreeing to the capital and share increase scheme adopted by the second extraordinary general meeting of shareholders of e-commerce bank in 2021< Br>

Zhejiang banking and Insurance Regulatory Bureau requires that the board of directors of e-commerce banks should ensure that the shareholders’ qualifications meet the legal conditions, and apply for shareholders whose qualification to participate in the shares needs to be reviewed by the regulatory authorities in accordance with the regulations. After the completion of capital and share increase, an application for change of registered capital shall be submitted to the company< Br>

this is the second time that the e-commerce bank has increased its capital and shares since its establishment. At the end of 2019, the e-commerce bank completed its first capital increase, and its registered capital increased from RMB 4billion to RMB 6.571 billion. As the largest shareholder, ant group’s shareholding ratio has remained unchanged< Br>

by the end of 2021, there were 6 shareholders of e-commerce banks, of which ant group held 30% of the shares. Wanxiang Sannong Group Co., Ltd. increased its shareholding ratio from 18% to 26.78% through the first capital increase and became the second largest shareholder. Dongningbo Jinrun Asset Management Co., Ltd., the third largest shareholder, held 19.48% and Shanghai Fosun Industrial Technology Development Co., Ltd. held 15.22%, Hangzhou Dr. he e-commerce Co., Ltd. holds 4.87% shares, and golden Food Co., Ltd. holds 3.65%< Br>

through this capital increase, the core Tier-1 capital of e-commerce banks will be further effectively supplemented< Br>

in 2021, e-commerce banks will achieve an operating revenue of 13.9 billion yuan and a net profit of 2.09 billion yuan, significantly higher than the 1.285 billion yuan in 2020. By the end of 2021, the total assets of e-commerce bank were 425.83 billion yuan, the total liabilities were 407.89 billion yuan, and the owner’s equity was 17.94 billion yuan.