as the New Year begins, let us also start a new life. According to relevant functional departments, recently, the shareholder qualification of Guangdong Yuecai Investment Holding Co., Ltd. to take shares in Guangdong Nanyue bank has been reviewed and approved by Guangdong banking and Insurance Regulatory Bureau, the share capital has been fully in place, and the change of registered capital has also been approved by Guangdong banking and Insurance Regulatory Bureau, officially becoming the controlling shareholder of the bank. This marks a key step in the reform and reorganization of the Bank of south Guangdong.
It is reported that the reform and reorganization of the Bank of south Guangdong is carried out in accordance with the principles of marketization, legalization and specialization, and has been supported by Zhanjiang municipal Party committee and government, Guangdong banking and Insurance Regulatory Bureau, Guangdong local financial regulatory bureau and other departments at all levels. The restructured Bank of south Guangdong is expected to usher in a new round of development.
Founded in January 1998, Nanyue bank is one of the five urban commercial banks in Guangdong. In 2020, Guangdong Nanyue bank ranked 425th in the annual ranking of global banks by the British banker magazine and 78th among more than 4000 banks in China.
Founded in 1984, Yuecai holdings is a large-scale financial holding enterprise in Guangdong Province. It has formed a comprehensive financial service system led by trust financing, asset management, financing guarantee and fund investment, covering the integration of financial leasing, cross-border finance, financial technology and industrial operation. It has obtained AAA main credit rating for five consecutive years, and has 16 wholly-owned and holding financial Financial enterprises. At present, the total asset management scale of e fund initiated and established is leading in the country. Yuecai trust ranks in the forefront of the national trust industry. Yuecai asset is a leading enterprise of provincial local asset management company (AMC).
In November 2021, adhering to the principles of marketization, legalization and specialization, Nanyue bank introduced Guangdong Yuecai Investment Holding Co., Ltd., a large financial holding enterprise in Guangdong Province, as a strategic investor. While replenishing capital and injecting customer resources into Bank of southern Guangdong, Yuecai holdings also takes advantage of its strong capital strength, rich financial management experience, sufficient financial talent reserve, coordinated development of its financial sector with commercial banking business, gathering and connecting customer resources with provincial state-owned enterprise resources, undertaking national financial interbank resources, etc, Further improve corporate governance, enhance anti risk ability, strengthen market competitive advantage, become bigger, stronger and better, and build Nanyue bank into a city commercial bank with stable operation, distinctive characteristics and core competitiveness.
(Shanghai Securities News · China Securities Network)
