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The 19th private bank is established!

The National Enterprise Credit Information Publicity System shows that Wuxi Xishang Bank Co., Ltd. (hereinafter referred to as “Xishang Bank”) was incorporated on April 14 with a registered capital of 2 billion yuan. The legal representative is the company’s chairman Zhou Haijiang, He is the chairman and CEO of Hongdou Group.

It is reported that Xishang Bank will hold an opening ceremony on April 16, which is also the second private bank established in Jiangsu Province after Suning Bank.

Private banks expanded to 19

The Xishang Bank was jointly established by Hongdou Group, Jiangyin Chengxing Industrial Group and other eight enterprises in Jiangsu Province, and is located in Xishan District, Wuxi City.

September 18 last year, Jiangsu Hongdou Industry Co., Ltd. (hereinafter referred to as “Red Bean Shares”, 600400.SH) announced that it plans to jointly initiate the establishment of a tin merchant bank, of which, Red Bean Shares intends to contribute 100 million yuan with its own funds Yuan, the shareholding ratio of 5%; Hongdou Group ’s controlling shareholder Hongdou Group plans to invest 500 million yuan with its own funds, and the shareholding ratio is 25%. The total investment of the two is 30%.

At that time, Red Bean said that based on the good development prospects of private banks, the company plans to jointly establish a Xishang Bank to further expand investment channels and cultivate new profit growth points; At the same time, pay close attention to the Internet of Things Opportunities for the development of financial business, taking advantage of the strategic positioning and resource advantages of Xishang Bank’s subdivision, providing comprehensive financial services such as payment and capital for private, small and micro enterprises in the industrial chain, and continuously improving market competitiveness.

It is understood that Xishang Bank is positioned to explore and build IoT banks using mobile finance and IoT technologies. Business information shows that the bank ’s chairman is Zhou Haijiang, the chairman and CEO of Hongdou Group.

With the establishment of Xishang Bank, the number of private banks has expanded to 19. Since the first pilots of private banks in 2014, private banks have operated for more than five years. In February 2019, the Banking and Insurance Regulatory Commission pointed out in the “Notice on Further Strengthening the Relevant Work of Financial Services Private Enterprises” that the Banking and Insurance Regulatory Commission and its agencies will continue to promote the normalized development of private banks in an orderly manner in accordance with the principle of “mature and established one” , Promote its clear market positioning, actively serve the development of private enterprises, and accelerate the construction to meet the needs of private small and medium-sized enterprisesFinancial service system.

Adjustment occurred to shareholders during the preparation period

On September 16, 2019, Xishang Bank was approved for establishment. According to the requirements of the China Banking Regulatory Commission, the preparatory working group of the bank should complete the preparatory work within 6 months from the date of approval. After the preparatory work is completed, an application for business opening shall be submitted to the Jiangsu Banking and Insurance Regulatory Bureau in accordance with the relevant regulations and procedures.

At the end of the preparatory period, the shareholders of the bank adjusted. On March 17th this year, Hongdou announced the progress of the establishment of Xishang Bank. The original sponsor shareholders Nanjing Dele Technology Co., Ltd. and Suzhou Kelida Decoration Co., Ltd. (hereinafter referred to as “Kelida”) no longer subscribe to the bank’s shares.

As one of the two exiting shareholders, Kollida (original plan to subscribe for 199 million yuan, 9.95% of the subscription ratio) announced on the same day that it had terminated its participation in the establishment of Wuxi Tin Commercial Bank. Kollida said that in view of the long period of time for the preparation and approval of Xishang Bank, the company decided to terminate its participation in the establishment of the Xishang Bank after friendly consultation and full communication with the Xishang Bank preparation team and the main promoters on the basis of comprehensive consideration of the development strategy. Matters.

In addition, the original sponsor shareholders Jiangsu Shuangxiang Group Co., Ltd. and Perceptive Technology Wuxi Co., Ltd. adjusted the number of subscribed shares. At the same time, they added new sponsor shareholders Jiangsu Hengke New Materials Co., Ltd. and Jiangsu Li Innovation Energy Co., Ltd.

The adjusted share capital structure of Xishang Bank is: 25% of the subscription rate of Hongdou Group; 24% of the subscription rate of Jiangyin Chengxing Industrial Group Co., Ltd .; Xingda Investment Group Co., Ltd., Jiangsu Hengke New Materials Co., Ltd., and Jiangsu Shuangxiang Group Co., Ltd., Jiangsu Li Innovation Energy Co., Ltd., and Perception Technology Wuxi Co., Ltd. subscribed for 9.99%, 9.99%, 9.99%, 9.99%, and 6.04% respectively; Hongdou Industrial subscribed 5%.