On March 16, Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) disclosed on the website of the Shanghai stock exchange that the board of directors elected Zhu Ming as the vice chairman, and the qualification of the vice chairman still needs to be reported to the banking regulatory authority for approval.
According to the data, Zhu Ming was born in October 1969 with a master’s degree. He has both supervision and financial institution working background. He once served as the section chief of the internal audit office, the deputy director of the financial stability office and the deputy director of the first discipline inspection and Supervision Office of the people’s Bank of China Nanjing Branch. He has successively served as the member and vice president of the Party committee of Hengfeng Bank Nanjing branch and the Secretary and President of the Party committee of Hengfeng Bank Jinan Branch, He is also the leader of the preparatory group of Guangdong Free Trade Zone Branch of Hengfeng bank. Before joining Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) , he also served as the president of laishang bank.
The reporter noted that the Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) senior management has changed frequently recently. At the end of January this year, the bank announced that the qualification of chairman Zhao yuankuan was approved by Jiangsu Banking and Insurance Regulatory Bureau. Earlier, in November last year, the board of directors of the bank had elected Zhao yuankuan as chairman, and at that time, it was only one year since the qualification of the previous chairman Tang Yu was approved by the regulatory authorities.
At the same time, the board of supervisors of the bank also changed its term in November last year and elected Chen Ya as the new chairman of the board of supervisors.
Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) welcome new vice chairman
Public information shows that Zhu Ming previously participated in various meetings as Deputy Secretary of Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) Party committee. At the fifth working meeting of Jiangsu green finance special committee in July last year, Zhu Ming said in his speech that green finance, as an important part of supply side reform, is becoming more and more important in serving the construction of ecological civilization. Vigorously developing green finance is not only necessary to support the development of the real economy, but also the only way for the transformation of financial institutions, but also an important support to achieve the goal of “carbon peak and carbon neutralization”.
With the selection of the new vice chairman, Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) ‘s management structure has been further improved. Recently, the bank’s management personnel changes are also more frequent.
On January 29 this year, the bank announced that the qualification of chairman Zhao yuankuan was approved by Jiangsu Banking and Insurance Regulatory Bureau. Previously, according to the process, the board of directors of the bank elected Zhao yuankuan as chairman in November last year, which was only one year after the qualification of the previous chairman Tang Yu was approved by the regulator.
Public information shows that Zhao yuankuan was born in January 1965 with a master’s degree. He used to be the section chief of the comprehensive Department of Jiangsu Provincial Commission of planning and economy, the senior business director of Huatai Securities Co.Ltd(601688) brokerage business management headquarters, the deputy general manager of Nanjing zhimaying business department (presiding over the work), the deputy director of the office, the director of the office of the board of directors and the director of the office of the board of supervisors, the director of the office of the Council of Jiangsu rural credit cooperatives, the director of the office and the director of the office of the Party committee.
In addition, Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) board of supervisors also changed its term in November last year and elected Chen Ya as the new chairman of the board of supervisors. Zhou Shihua, the former chairman of the board of supervisors, no longer served as the chairman of the company’s supervisor, member of the supervision committee of the board of supervisors and member of the nomination and performance evaluation committee of the board of supervisors due to his age.
According to Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) official website, the bank was established in March 2011, which was merged and established by four credit unions in the former Nanjing urban area, Jiangning District, Pukou District and Liuhe District. On January 3, 2019, the bank landed on the A-share main board market of Shanghai Stock Exchange, becoming the first A-share listed provincial capital rural commercial bank in China, the sixth A-share listed rural commercial bank in China, and the eighth A-share listed bank in Jiangsu Province.
According to the performance express of 2021 disclosed by the bank, the operating revenue in 2021 was 4.502 billion yuan, a year-on-year increase of 0.56%; The net profit attributable to shareholders of listed companies was 1.516 billion yuan, a year-on-year increase of 5.20%. By the end of 2021, the bank’s total assets were 206755 billion yuan, including 140059 billion yuan of loans, an increase of 19.369 billion yuan or 16.05% over the beginning of the year. In terms of asset quality, the provision coverage of the bank at the end of the reporting period was 232%, an increase of 11.85 percentage points over the beginning of the year; The non-performing loan ratio was 1.45%, down 0.23 percentage points from the beginning of the year.
since last year, the stock price stability maintenance mechanism has been triggered twice
Since 2021, the performance of A-share banking sector has soared and fallen, and the valuation is at a historical and market low. The management and shareholders of many banks have increased their holdings to protect the market.
The reporter noted that since last year, Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) twice triggered the stock price stability maintenance mechanism, and fulfilled the obligation of stabilizing the stock price by increasing the shares held by the then directors (excluding independent directors) and senior managers who received remuneration in the company. During the implementation period from April to November last year, the relevant entities increased their holdings of 606200 shares of the bank, with a cumulative increase of 2.2134 million yuan.
After that, on December 30 last year, a few days before the lifting of the ban on the first restricted shares, the bank again issued an announcement on the plan to stabilize the stock price. Since the closing price of the company’s shares for 20 consecutive trading days from November 24, 2021 to December 21, 2021 was lower than the latest audited and adjusted net assets per share of 4.05 yuan, meeting the conditions for triggering the measures to stabilize the stock price, the bank plans to fulfill the obligation of stabilizing the stock price by increasing the shares held by the then directors (excluding independent directors) and senior executives receiving remuneration in the company, The increase amount shall not be less than 25% of the after tax income received from the company in the previous year, that is, the total increase amount shall not be less than 1736100 yuan.
According to the latest disclosure of the bank, as of March 9 this year, the relevant increase subjects had increased their holdings of 173000 shares of the company with their own funds through the trading system of Shanghai stock exchange through centralized bidding, accounting for 0.0047% of the total share capital of the company. The cumulative increase amount was 546400 yuan, 31.47% of the increase plan was completed, and the transaction price range was 3.13 yuan to 3.19 yuan per share.
On March 16, Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) closed at 2.99 yuan / share, up 2.05% on the basis of yesterday’s sharp drop in A-Shares as a whole.
