With the acceleration of the reform of village and township banks, cases of the main initiating bank increasing its holdings in its village and township banks have been reported from time to time.
On April 25, the Guizhou Supervision Bureau of the State Administration of Financial Supervision issued two approvals in succession, agreeing that Guizhou Xingyi Rural Commercial Bank would increase its shareholding in its village and township banks by transferring shares.
One of the replies pointed out that Guizhou Xingyi Rural Commercial Bank was agreed to transfer 6.8 million shares of Anlong Xinglong Village Bank held by Xie Yong and other seven shareholders. After the completion of the transfer, Guizhou Xingyi Rural Commercial Bank Co., Ltd. holds a total of 22.1 million shares of the village bank, with a shareholding ratio of 73.66%.
Another reply pointed out that Guizhou Xingyi Rural Commercial Bank was agreed to acquire 5.5 million shares of Qinglong Xing'an Village Bank held by Xie Yong and other six shareholders. After the completion of the transfer, Guizhou Xingyi Rural Commercial Bank Co., Ltd. holds a total of 25.7 million shares of the village bank, with a shareholding ratio of 85.67%.
At the same time, the Guizhou Regulatory Bureau also required the above two village and township banks to strengthen equity management, optimize the equity structure, strictly control shareholders' related party transactions, improve corporate governance and internal control mechanisms, and prevent and resolve risks.
The main initiating bank fulfills the role of "first responsible person" and strengthens the management of its village and township banks by increasing its shareholdings, which is conducive to improving the equity structure of village and township banks, enhancing risk resistance and optimizing the management system. According to incomplete statistics from the Financial Times, since the beginning of this year, more than 20 main sponsoring banks have been approved to increase their holdings in village and township banks. In addition, there are also increasing cases of village and township banks being absorbed and merged by the main initiating bank and restructured into branches of the main initiating bank, and the first case of "village reform and division" has also appeared in the industry.
Source: Financial Times client
Reporter: Xu Beibei
Editor: Yang Jingyi
Email: [email protected]