国联发展成为锡商银行第一大股东

Core Viewpoint - The recent approval by the National Financial Supervision and Administration of China allows Wuxi Xishang Bank to change its major shareholder from Hongdou Group to Wuxi Guolian Development Group, a state-owned enterprise, which is expected to enhance the bank's governance and operational management [1][2]. Group 1: Shareholder Changes - Wuxi Guolian Development will acquire 500 million shares from Hongdou Group, resulting in a 25% ownership stake in Wuxi Xishang Bank [1]. - This marks a significant shift as Guolian Development, a state-owned capital investment and operation enterprise, becomes the largest shareholder, replacing Hongdou Group, which has been the largest shareholder since the bank's establishment [2]. Group 2: Bank Performance - For the year 2024, Wuxi Xishang Bank reported revenues of 1.185 billion yuan, a decline of over 26% year-on-year, while net profit reached 420 million yuan, an increase of 8.39% [1]. - The bank's non-performing loan ratio rose to 1.25% by the end of 2024, an increase of 0.57 percentage points compared to the end of 2023 [1]. Group 3: Industry Context - Wuxi Xishang Bank is the third private bank to welcome local state-owned shareholders, following Jiangxi Yumin Bank and Anhui Xin'an Bank [3]. - The involvement of local state-owned capital in private banks is seen as a strategy to enhance risk management and support regional economic services, especially as many private banks face challenges related to size and strength [3].