Bank Of Hangzhou Co.Ltd(600926) ( Bank Of Hangzhou Co.Ltd(600926) . SH) the position of the largest shareholder will change.
On March 1, Bank Of Hangzhou Co.Ltd(600926) announced that the Federal Bank of Australia, the largest shareholder of Bank Of Hangzhou Co.Ltd(600926) signed a share transfer agreement with Hangzhou Urban Construction Investment Group Co., Ltd. (Hangzhou urban investment) and Hangzhou Transportation Investment Group Co., Ltd. (Hangzhou Jiaotou) on February 28 this year, Commonwealth Bank of Australia transferred Bank Of Hangzhou Co.Ltd(600926) 5% of its shares to Hangzhou urban investment and Hangzhou Stock Exchange respectively, totaling 10% of its shares. The transfer price per share was 13.94 yuan / share, and the total share transfer price reached 8.275 billion yuan.
Bank Of Hangzhou Co.Ltd(600926) disclosed more details in a series of announcements issued on March 4. Hangzhou urban investment and Hangzhou trading investment are both state-owned assets. After the reduction of the Commonwealth Bank of Australia, the largest shareholder of Bank Of Hangzhou Co.Ltd(600926) will be changed to Hangzhou Finance Bureau.
equity transfer
This equity change will not lead to the change of Bank Of Hangzhou Co.Ltd(600926) control. Thereafter, Commonwealth Bank of Australia will become Bank Of Hangzhou Co.Ltd(600926) the fourth largest shareholder. Hangzhou Finance Bureau passively became the largest shareholder of Bank Of Hangzhou Co.Ltd(600926) and remained the actual controller of Bank Of Hangzhou Co.Ltd(600926) and Bank Of Hangzhou Co.Ltd(600926) had no controlling shareholder.
The Commonwealth Bank of Australia was established on April 17, 1991 and has been listed on the Australian Stock Exchange. In addition to Bank Of Hangzhou Co.Ltd(600926) , Commonwealth Bank of Australia also participated in Qilu Bank Co.Ltd(601665) , holding 16.09% in China.
The new shares of Hangzhou urban investment and Hangzhou trading investment are both state-owned assets. The largest shareholder of Hangzhou urban investment is Hangzhou Municipal People’s government, with a shareholding ratio of 89.02%, and the largest shareholder of Hangzhou Communications investment is the state owned assets supervision and Administration Commission of Hangzhou Municipal People’s government, with a shareholding ratio of 90%. Before this equity change, neither Hangzhou urban investment nor Hangzhou exchange investment held Bank Of Hangzhou Co.Ltd(600926) any shares, and each held 5% after the transfer.
This share transfer still needs the approval of Zhejiang regulatory bureau of China Banking and Insurance Regulatory Commission and the compliance confirmation of Shanghai Stock Exchange.
On March 4, the reporter of Huaxia times called the official website of Bank Of Hangzhou Co.Ltd(600926) for an interview on the impact of changes in shareholders’ background on Bank Of Hangzhou Co.Ltd(600926) future development. The other party said that the announcement information disclosure shall prevail.
Both Hangzhou urban investment and Hangzhou Stock Exchange said in the announcement that they have maintained good cooperative relations with Bank Of Hangzhou Co.Ltd(600926) for many years and are optimistic about the development prospect of Bank Of Hangzhou Co.Ltd(600926) in the future. After the equity transfer is completed, Hangzhou urban investment and Hangzhou trading investment will further deepen the business cooperation with Bank Of Hangzhou Co.Ltd(600926) and drive the business development through business interaction.
In addition, it is worth noting that Hangzhou Water Group Co., Ltd., a wholly-owned subsidiary of Hangzhou urban investment, also holds Bank Of Hangzhou Co.Ltd(600926) 01% shares.
According to the semi annual report of 2021, by the end of June 2021, Bank Of Hangzhou Co.Ltd(600926) accounted for more than 10% of the shares of three shareholders, namely, the Commonwealth Bank of Australia held 15.57%, Hangzhou Finance Bureau held 11.86% and Red Lion Holding Group Co., Ltd. held 11.81%. At that time, the top 10 shareholders of Bank Of Hangzhou Co.Ltd(600926) were as follows: p align = “center” (picture from Bank Of Hangzhou Co.Ltd(600926) 2021 semi annual report)
Bank Of Hangzhou Co.Ltd(600926) said in the 2021 semi annual report that the equity structure of the bank was reasonable and the corporate governance was stable and efficient. Its ownership structure presents the characteristics of “small concentration and large dispersion”. The top three shareholders have three pillars of foreign capital, state-owned capital and private capital. The shareholding proportion of the top ten shareholders is stable at about 66%. All kinds of capital are integrated with each other, diversified structure checks and balances each other, shareholders’ behavior is standardized and actively support the development of the company, which has laid a solid foundation for steady corporate governance.
assets up to 1.3 trillion
Bank Of Hangzhou Co.Ltd(600926) was founded in September 1996 and headquartered in Hangzhou. The bank has more than 200 branches covering the Yangtze River Delta, Pearl River Delta, Bohai Bay and other regions. In addition, Bank Of Hangzhou Co.Ltd(600926) established Hangyin Financial Management Co., Ltd., initiated the establishment of Hangyin Consumer Finance Co., Ltd., and invested in Shizuishan Bank Co., Ltd. On October 27, 2016, Bank Of Hangzhou Co.Ltd(600926) was listed on the Shanghai Stock Exchange.
By the end of September 2021, Bank Of Hangzhou Co.Ltd(600926) total assets were 1.33 trillion yuan, an increase of 13.75% over the end of the previous year; In the first three quarters of 2021, Bank Of Hangzhou Co.Ltd(600926) achieved an operating revenue of 22.377 billion yuan, a year-on-year increase of 19.97%; The net profit attributable to shareholders of listed companies was 7.036 billion yuan, a year-on-year increase of 26.16%.
According to the semi annual report of 2021, by the end of June 2021, Bank Of Hangzhou Co.Ltd(600926) loans totaled 539984 billion yuan, an increase of 11.65% over the end of the previous year, and total liabilities totaled 1201333 billion yuan, an increase of 10.38% over the end of the previous year; Total deposits amounted to 744195 billion yuan, an increase of 6.61% over the end of the previous year.
The quality of assets has also improved. By the end of June 2021, Bank Of Hangzhou Co.Ltd(600926) non-performing loans totaled 5.274 billion yuan, with a non-performing loan ratio of 0.98%, a decrease of 0.09 percentage points over the end of the previous year. The provision coverage rate was 530.43%, an increase of 60.89 percentage points over the end of the previous year.
In terms of Inclusive Finance and green finance, Bank Of Hangzhou Co.Ltd(600926) has made many achievements.
By the end of June 2021, the balance of Bank Of Hangzhou Co.Ltd(600926) agriculture related loans had reached 68.691 billion yuan, an increase of 17.16% over the end of the previous year. The balance of loans for small and micro finance lines was 86.422 billion yuan, an increase of 13.49% over the end of the previous year.
To meet the financing needs of green enterprises and projects. At the beginning of last year, Bank Of Hangzhou Co.Ltd(600926) participated in the first batch of sustainable development linked bonds in China, and helped the China Development Bank to issue the first multi market green financial bonds and “bond link” green financial bonds. On August 5, 2021, Bank Of Hangzhou Co.Ltd(600926) issued a pledge loan of carbon emission quota of 20 million yuan to Zhongce Rubber Group Co., Ltd., and implemented the first pledge loan of carbon emission quota of listed urban commercial banks.
It is worth noting that Bank Of Hangzhou Co.Ltd(600926) is a commercial bank that innovates the scientific and innovative financial service model earlier in the industry. In the first half of last year, Bank Of Hangzhou Co.Ltd(600926) established three major scientific innovation financial centers in Beijing, Shanghai and Shenzhen, created the service brand of “scientific innovation gold engine” and launched small standardized loan products such as “Keyi loan” and “Kebao loan”. By the end of June 2021, Bank Of Hangzhou Co.Ltd(600926) technology, culture and innovation financial balance sheet loans (excluding discount) had reached 29.709 billion yuan, the non-performing loan ratio was 1.26%, and the asset quality remained good.
In terms of financial management business, as of the end of June 2021, Bank Of Hangzhou Co.Ltd(600926) group’s existing financial products amounted to 256769 billion yuan, of which net worth financial products accounted for 91.98%, an increase of 7 percentage points over the end of the previous year, and the net worth transformation achieved results.
