Merger of newly established Sichuan Bank: 30 billion capital escort is intended to resolve risks.

There are indications that Sichuan Bank is not far from its official appearance.

On October 23rd, 65438/kloc-0, the Organization Department of Sichuan Provincial Party Committee issued the "Public Notice for Cadres before Their Appointments", which showed that the vice president of Anhui Branch of China Industrial and Commercial Bank was proposed to be the CEO of the provincial-managed enterprise (market-oriented), Luo, the general manager of the accounting department of Sichuan Branch of China Construction Bank, the chairman of Sichuan Development Asset Management Co., Ltd., 1, the middle-level official of Sichuan Branch of China Construction Bank, and the middle-level official of Sichuan Branch of China Construction Bank.

On the same day, official website of Liangshan Commercial Bank and Panzhihua Commercial Bank announced that the time of the founding meeting and the first shareholders' meeting of Sichuan Bank Co., Ltd. was adjusted to 8:30 am on Sunday, June 1 65438+1October12020.

This further confirms the information that Sichuan Bank will be established in the near future revealed by Li Xiusheng, vice president of Sichuan New Network Bank.

Everything is ready except for the opening.

The Organization Department of Sichuan Provincial Party Committee issued the "Publicity for Cadres before Taking Office", which means that the senior management team of the bank is basically determined. Judging from the composition of the team, they all have rich experience in banking, basically from big state-owned banks, and they are all "post-70s". In addition, many people have worked in Sichuan for a long time and are familiar with the local market environment.

In addition, it is not surprising that Yang Chaohui, the chairman of Sichuan Development Asset Management Co., Ltd., will become the vice president of Sichuan Bank. From the resume, it has a wealth of experience in dealing with non-performing assets and resolving financial risks, which is what Sichuan Bank needs at present. In August this year, Panzhihua City Commercial Bank and Liangshan Prefecture Commercial Bank signed creditor's rights transfer contracts with Sichuan Development Asset Management Co., Ltd. respectively, and transferred 350 creditor's rights to the latter.

At the same time as the management confirmed, Sichuan Bank is recruiting for the society.

10 On June 55438+05, Sichuan Bank (to be established) issued a social recruitment announcement. According to the recruitment announcement, the working place of Sichuan Bank applicants is No.999, North Section of Tianfu Avenue, which is the current location of Chengdu Gaoxin Sub-branch of Panzhihua City Commercial Bank.

Some insiders speculate that the headquarters of Sichuan Bank may be temporarily "located" here.

In terms of ownership structure, the shareholder qualification of Sichuan Bank 13 has been approved, and it is mainly state-owned. Among them, Sichuan Financial Holding Group Co., Ltd. holds 20% of the shares and is the largest shareholder; Liangshan Development (Holding) Group Co., Ltd. and Chengdu Tianfu Capital Investment Co., Ltd. followed closely, holding 65,438+05% and 65,438+00.26% respectively.

At the same time, Sichuan Yibin Wuliangye Group Co., Ltd., Chengdu Industrial Function Zone Investment and Operation Group Co., Ltd., Sichuan Commercial Investment Group Co., Ltd., Sichuan Renshou Shigao Tianfu Investment Co., Ltd. and Sichuan Energy Investment Group Co., Ltd. also hold more than 5% shares.

A huge registered capital of 30 billion

There are as many as 13 city commercial banks in Sichuan, which is the province with the largest number of corporate licenses for city commercial banks in China. From a nationwide perspective, Sichuan Province is one of the few provinces, municipalities and autonomous regions without provincial-level city commercial banks or national joint-stock banks.

At present, there are two listed banks in Sichuan Province, Luzhou City Commercial Bank (0 1983. HK) was listed in Hong Kong at the end of 2018, and Chengdu Bank (60 1838. SH) It was listed on the A-share market in early 2065438+08.

In the view of some local financial practitioners in Sichuan, owning a provincial city commercial bank has always been the dream of Sichuanese. Sichuan has also been trying to set up provincial city commercial banks. As early as 20 1 1, Sichuan Province mentioned that it planned to set up a "western bank". At that time, it was planned to merge 1 1 prefecture-level city commercial banks into a provincial-level city commercial bank, but there was no progress afterwards.

However, the progress of the formation did not meet expectations. From 20 18 to 12, the Sichuan Provincial Party Committee and the provincial government held a special meeting and agreed to set up Sichuan Bank in the form of new merger. 2065438+February 2009, China Banking and Insurance Regulatory Commission officially supported the establishment of Sichuan Bank in the form of new merger based on the behaviors of Panzhihua City Commercial Bank and Liangshan Prefecture Commercial Bank.

On May 6 this year, the website of Chongqing State-owned Assets Supervision and Administration Commission announced that Chongqing Yufu Holding Group and Sichuan Jinkong Group had strengthened cooperation and planned to participate in the establishment of Sichuan Bank with a registered capital of 30 billion yuan. However, Chongqing SASAC website immediately deleted this news.

On September 9 this year, the CBRC officially approved the application for the establishment of Sichuan Bank. According to the data, the registered capital of Sichuan Bank is as high as 30 billion yuan, far exceeding that of Bank of Beijing (60 1 169. SH) and Shanghai Bank (60 1229. Shh). The registered capital of these two banks is about 2165438+43 million yuan and 14207 million yuan respectively.

10 On June 5, 438+05, the head of the preparatory group of Sichuan Bank said in an interview with the newspaper: "By the end of this year, the assets of Sichuan Bank will almost reach13 billion yuan. With a registered capital of 30 billion yuan, Sichuan Bank has a good capital base in the future. I hope that Sichuan Bank will have listing conditions for three years and achieve a high probability of profitability this year. "

First, resolve financial risks.

Behind the establishment of Sichuan Bank, Sichuan Province simultaneously solved the problems of Panzhihua City Commercial Bank and Liangshan Prefecture Commercial Bank, two financial institutions with serious credit and reputation risks. In the past two years, the risks of the two banks have been handled in a government-led and market-oriented way, and Sichuan Bank has been able to go into battle lightly.

"Due to the unbalanced governance structure and weak management, these two banks have experienced serious credit risk and reputation risk." Recently, Fang Xin, deputy governor of Chengdu Branch of China People's Bank, said, "If the risks of the two city commercial banks cannot be dealt with in a timely, effective and steady manner, it will adversely affect the overall economic and social development and financial stability of Sichuan Province."

Panzhihua Bank has not disclosed its annual report for two consecutive years. Official website shows that by the end of September 2065438+2009, its assets were 74.909 billion yuan. By the end of 20 17, the total assets of Liangshan Commercial Bank were 29.974 billion yuan, and the non-performing loan ratio was 3.57%. Their total assets are about 1000 billion yuan.

"As early as 10 years ago, I participated in drafting the preparatory plan for Sichuan Bank." Wang Qing, director of China Financial Research Center of Southwestern University of Finance and Economics, said recently that it is necessary for Sichuan Bank to be approved after many explorations. Merger and reorganization is an innovative means to resolve the risks of small and medium-sized banks, which provides solutions and paths for small and medium-sized banks to get out of difficulties and break through development.