Original title: At the critical period of IPO sprint, Chengdu Rural Commercial Bank received a huge fine of 11 million yuan for supervision
Reporter| Zeng Lingjun
Chengdu Rural Commercial Bank, which is sprinting to go public, received the largest fine from the Rural Commercial Bank in 2021.
On December 31, 2021, the official website of the China Banking and Insurance Regulatory Commission announced several fines against Chengdu Rural Commercial Bank. Among them, Chengdu Rural Commercial Bank received a fine of 11 million yuan for the “six crimes”, which was the largest fine among rural commercial banks in 2021.
The fine shows that Chengdu Rural Commercial Bank’s main violations of laws and regulations are as follows: 1. The equity change has not been subject to administrative permission; 2. It has not been prudently reviewed and accepts transferees who do not meet the requirements for equity participation as shareholders; 3. It has carried out major related-party transactions in violation of regulations and implemented illegally. Credit; 4. Conducting non-standard business in violation of regulations; 5. Failure to provide or timely provision of inspection materials, which hinders the inspection and supervision of regulatory agencies; 6. Failure of internal control.
In addition to the institution being fined, 14 relevant persons responsible for the Chengdu Rural Commercial Bank were also punished accordingly, with a total fine of 2.7 million yuan.
In response to these issues, the bank said in response to outsiders that it firmly supports and fully accepts the penalty decision of the regulatory agency, and said that the bank has fully completed the rectification. Since its return to the state in June 2020, the bank has always adhered to operating in compliance with laws and regulations. The new leadership has paid great attention to the issues pointed out in the penalty decision, organized and convened special meetings in a timely manner, and carefully analyzed the root causes of the problems. With the guidance and help of the local government,A series of effective measures have been taken to clarify the division of rectification tasks, and the rectification has been fully completed.
2018In 2016, Anbang Insurance, the former largest shareholder of Chengdu Rural Commercial Bank, was taken over, and major equity adjustments took place in 2020. Anbang Insurance transferred its 3.5 billion shares of Chengdu Rural Commercial Bank to Chengdu Xing through the Beijing Financial Assets Exchange. city.
Up to now, the top ten shareholders of Chengdu Rural Commercial Bank hold a total of 80.32% of the bank. The top seven shareholders are all Chengdu State-owned companies, with a combined shareholding ratio of 77.42%, of which Xingcheng Investment directly holds 35% of Chengdu Rural Commercial Bank. , Is the bank’s largest shareholder, and Chengdu SASAC is the actual controller of the bank.
It is worth mentioning that it is currently a critical period for the bank to sprint to go public.
2021On December 20, 2005, information on the official website of Chengdu Rural Commercial Bank showed that the bank’s engagement of an A-share IPO sponsor (lead underwriter) for the procurement project has completed the bidding process.CITIC SecuritiesBecome the selected supplier.
According to the announcement, CITIC Securities will be responsible for the entire listing process of Chengdu Rural Commercial Bank’s A-share listing application, sponsorship, and continuous supervision, including but not limited to plan design, communication and coordination, counseling and training, material production, roadshow issuance, follow-up follow-up, etc. Serve.
2020In 1999, the bank put forward the vision of “strong base in one year, going public in three years, and breaking the trillion yuan in five years”.As of the end of September 2021, Chengdu Rural Commercial Bank has total assets of 609.532 billion yuan, ranking fifth among the national rural commercial banks in scale, followed by Chongqing Rural Commercial Bank, Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank and Guangzhou Rural Commercial Bank.
Public information shows that Chengdu Rural Commercial Bank is a joint-stock commercial bank restructured and established on the basis of the original Chengdu Rural Credit Cooperative. It was officially opened for business in early 2010. In the first three quarters of 2021, the bank achieved a net profit of 3.844 billion yuan, almost the same as the net profit of 3.853 billion yuan in 2020.
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