CMBC(SH:600016) Zheng Quan Shi Bao·2025-07-03 18:49Core Viewpoint - Minsheng Bank has seen significant changes in its shareholder structure, with Hong Kong Liyue Group increasing its stake, positioning itself as the fourth largest shareholder, just below the 5% threshold for mandatory disclosure [2][4]. Shareholder Changes - On June 30, Hong Kong Liyue Group purchased approximately 199 million H-shares of Minsheng Bank at an average price of about HKD 2.624 per share, totaling around HKD 523 million (approximately RMB 477 million), which represents 0.455% of the bank's total share capital [4]. - Following this acquisition, Liyue Group and its concerted parties now hold a total of 2.4% of Minsheng Bank's H-shares and 4.945% of the total share capital, making it the fourth largest shareholder [4]. - Liyue Group, a subsidiary of Shenzhen Liyue Group, was first listed among Minsheng Bank's major shareholders in September 2023, holding 3.15% of shares, and has since increased its stake to 4.49% by March 2024 [4]. Company Background - Liyue Group, founded in 1995 and controlled by Lin Li, the former richest person in Shenzhen, has diversified interests across various sectors, including new energy, chemicals, biomedicine, and comprehensive finance [5]. - The group also holds significant stakes in financial institutions, including a controlling interest in Huayin Securities and a 20% stake in WeBank, China's first internet bank [5]. Strategic Developments - Minsheng Bank's board has seen new appointments, including Lin Li as a non-executive director, pending regulatory approval [4]. - The bank has undergone a strategic transformation, focusing on reducing high-risk, unsustainable business lines and enhancing its core operations [8]. - As of the end of 2024, Minsheng Bank has disposed of non-performing assets totaling RMB 344.6 billion, with cash recoveries of RMB 95.3 billion, indicating a proactive approach to risk management [8].