浦发银行，“村改支”再落一子！

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has received approval to absorb and merge Gongyi Pudong Village Bank, marking significant progress in the "village-to-branch" reform process [1] Group 1: Company Developments - SPDB has been authorized by the National Financial Regulatory Administration of Henan to acquire Gongyi Pudong Village Bank and establish a branch in Zhengzhou, inheriting the assets, liabilities, business, and employees of the village bank [1] - Gongyi Pudong Village Bank was established on September 17, 2009, with a registered capital of 150 million yuan, and SPDB held a 51% stake in it [1] - This acquisition follows a recent approval for SPDB to acquire Zhejiang Pingyang Pudong Village Bank, which was also converted into a branch of SPDB [1] Group 2: Industry Trends - Since July, SPDB has completed the "village-to-branch" reform for 12 independent village banks, with all institutions receiving regulatory approval for absorption and merger [1] - The reform process has been observed across various regions, including Gansu, Yunnan, Zhejiang, Chongqing, Shanxi, Tianjin, Shaanxi, Shandong, Xinjiang, Liaoning, Ningxia, and Henan [1] - The overall trend in the industry shows that major banks, including state-owned and joint-stock banks, are accelerating the "village-to-branch" process, with Agricultural Bank of China recently approved to absorb 192 rural banks and credit cooperatives in Jilin [2] Group 3: Regulatory Context - SPDB's actions align with the regulatory requirements aimed at reforming and mitigating risks for small financial institutions, enhancing the quality of financial services in rural areas [2] - As of August 15, 100 village banks have completed absorption and restructuring, surpassing the total of 94 expected for the entire year of 2024 [2] - The absorption and conversion of village banks into branches are expected to enhance service capabilities and risk resilience for these institutions, while also expanding the operational scope for the parent banks [2]