Group 1 - Huishang Bank, the largest city commercial bank in Central and Western China, celebrated its 20th anniversary, with total assets reaching 2.3 trillion yuan as of September 2025, a 14.1% increase from the beginning of the year [2][3] - Despite its growth, Huishang Bank has faced challenges in its A-share listing process, with governance issues, shareholder disputes, and employee stock ownership being significant obstacles [3][25][29] - The bank has been penalized multiple times in 2025, totaling 8.15 million yuan for various violations, including improper loan issuance and inadequate management of credit card and financial advisory services [4][6][19] Group 2 - As of June 30, 2025, Huishang Bank reported a net profit of 9.11 billion yuan, a 5.55% increase year-on-year, while total assets grew by 11.82% to 2.25 trillion yuan [17][22] - The bank's non-interest income increased by 10.34% to 6.63 billion yuan, primarily due to a significant rise in financial investment net income, which surged by 165.60% [20][22] - The bank's non-performing loan (NPL) ratio improved to 0.98%, although the NPL balance increased to 10.765 billion yuan, with the real estate sector showing a notable rise in NPLs [22][23] Group 3 - Huishang Bank's governance issues include an incomplete board of directors, with only 13 members instead of the required 15 to 19, and some members serving beyond their term limits [29][31] - The ongoing shareholder dispute between Zhongjing Xinhua Asset Management and Suning Holdings has created uncertainty regarding the bank's A-share issuance, as the resolution of this dispute is crucial for the bank's future [25][27][29] - The bank's leadership has been in transition, with the former chairman resigning in July 2025, leaving the position vacant for five months, which may impact strategic decision-making and risk management [8][13]
万亿徽商银行A股上市“攻坚”：资产规模冲高，三大问题待解