Group 1 - The article outlines the timeline of Shenyang Bank's delisting, highlighting the capital game and risk clearance over a decade [1][2][3] - During the period from 2016 to 2019, Evergrande Group became the largest shareholder of Shenyang Bank, significantly influencing its resource allocation [1][2] - The intervention of state-owned assets management in 2021 marked a critical phase in addressing the financial crisis and restructuring the bank's ownership [2][3] Group 2 - The delisting was driven by multiple pressures, including the bank's loss of financing capabilities and a significant decline in its market valuation [4][5] - Shenyang Bank's performance deteriorated, with a 59% drop in revenue from its peak in 2019 and a net profit that was only 8% of its 2017 level [6][7] - Regulatory constraints and rising operational costs further narrowed the bank's operational space, with a net interest margin close to the regulatory limit [7] Group 3 - Governance failures were highlighted, including widespread corruption among senior management, leading to significant financial misconduct [8][9] - Evergrande's control over the bank's governance structure turned it into a financing tool for its own interests, straying from its original mission [9][10] - The bank's management underwent a significant overhaul in 2023 to address governance issues and restore order [10] Group 4 - The bank's strategy post-delisting focuses on regional market engagement, with 89% of its revenue now derived from Northeast China [14] - Despite efforts to mitigate risks, unresolved legacy issues and economic pressures pose ongoing challenges for the bank's stability [15] - The case of Shenyang Bank serves as a cautionary tale for smaller banks regarding governance, risk management, and the potential for state intervention [16][17]
万亿级盛京银行今日正式退市/东北城商行“巨无霸”挥别港交所：从恒大危机到国资接管的十年嬗变