Core Viewpoint - Shenyang Bank, under the leadership of Sun Jin, has faced significant challenges leading to its delisting from the Hong Kong Stock Exchange in November 2025, despite efforts to restructure and reduce non-performing loans [3][11]. Group 1: Leadership and Management Changes - Sun Jin, who took over as chairman in 2023, has been pivotal in the bank's strategy to reduce exposure to the real estate sector and manage non-performing assets [11]. - Under his leadership, the bank's real estate loan balance was reduced to 39.317 billion yuan, accounting for 7.6% of total loans by June 2025 [2][11]. Group 2: Financial Performance - As of June 2025, Shenyang Bank reported total assets of 1.13 trillion yuan, a 0.5% increase from the beginning of the year, with total loans and advances reaching 514.873 billion yuan, up 2.9% year-on-year [16]. - The bank's non-performing loan ratio was 2.69%, slightly up by 0.01 percentage points from the end of the previous year, with a provision coverage ratio of 157% [16]. - For the first half of 2025, the bank's operating income decreased by 5.1% to 4.326 billion yuan, and net profit fell by 14.1% to 508 million yuan [16]. Group 3: Legal and Asset Recovery Efforts - Shenyang Bank is actively pursuing debt recovery, including a recent court announcement regarding the auction of a 9.1606% stake in Daitong Securities held by Shenyang Wanjin Industrial Development Co., with an estimated value of approximately 293 million yuan [5][12][13]. - This auction is part of the bank's broader strategy to recover loans and manage historical financial burdens [15]. Group 4: Wealth Management Products - In the second half of 2025, Shenyang Bank issued new wealth management products totaling 33.952 billion yuan, a slight decrease from 34.169 billion yuan in the first half, with the number of new products also declining from 22 to 20 [10][17].
盛京银行退市之后，孙进抓紧追债