江苏农商联合银行获批参股高邮农商行 “上参下”模式已定

Core Viewpoint - Jiangsu Rural Commercial Bank has received approval from the Jiangsu Regulatory Bureau of the National Financial Supervision Administration to acquire a 4.56% stake in Gaoyou Rural Commercial Bank, marking its first capital action since establishment [1][3]. Group 1: Company Actions - Jiangsu Rural Commercial Bank's investment in Gaoyou Rural Commercial Bank confirms the "up-investing down" model for rural commercial bank formation in Jiangsu Province [1][5]. - Gaoyou Rural Commercial Bank, transformed from the Gaoyou City Rural Credit Cooperative, is a local financial institution in Gaoyou City, Yangzhou, Jiangsu Province [1][3]. - In June 2025, Gaoyou Rural Commercial Bank is set to increase its registered capital to 346 million RMB by converting 8.4361 million RMB of undistributed profits from 2024 [1][3]. Group 2: Capital Structure - The initial registered capital of Jiangsu Rural Commercial Bank is 7.7 billion RMB, contributed by various entities including the Jiangsu Provincial Finance Department and Jiangsu Phoenix Publishing Media Group [2][4]. - The shareholding structure includes 64.935% from the Jiangsu Provincial Finance Department, 12.987% from Jiangsu Phoenix Publishing Media Group, and smaller stakes from other contributors [2][4]. - The "up-investing down" model is one of two main directions for rural credit cooperative reforms, with the other being the "down-investing up" model [5].