“上参下”加速！山西农商联合银行再入股辖内农商行

Core Viewpoint - The approval for Shanxi Rural Commercial Bank to acquire stakes in two local rural banks signifies further progress in rural financial reform in Shanxi Province, accelerating the "upward participation and downward investment" phase [1][4]. Group 1: Recent Acquisitions - Shanxi Rural Commercial Bank has been authorized to acquire 1.007 billion shares (93.2% stake) in Shanxi Qingxu Rural Commercial Bank and 79 million shares (22.68% stake) in Shanxi Liulin Rural Commercial Bank [2]. - Earlier in April 2023, the bank was also approved to invest in three other rural banks, holding 10 million shares each in Shanxi Lingshi and Shanxi Wutai Rural Commercial Banks (1.46% each), and 11.7 million shares in Shanxi Yuci Rural Commercial Bank (1.31%) [2]. Group 2: Future Investments - For the year 2024, Shanxi Rural Commercial Bank plans to invest 860 million yuan in county-level banks, with 500 million yuan allocated to Houma Rural Commercial Bank and 360 million yuan to Yaodu Rural Commercial Bank, resulting in ownership stakes of 44.25% and 9.84% respectively [3]. Group 3: Overall Strategy and Impact - To date, Shanxi Rural Commercial Bank has completed the "upward participation and downward investment" process with seven rural banks, aiming to optimize their equity structure and enhance corporate governance [4]. - The "upward participation and downward investment" model is particularly favored in provinces with numerous rural financial institutions, such as Shanxi, Guangxi, and Sichuan, although direct investment in grassroots credit cooperatives remains challenging [4]. Group 4: Financial Performance - As of December 2024, Shanxi Rural Commercial Bank reported total deposits of 1.376503 trillion yuan, an increase of 88.403 billion yuan (6.86%) from the beginning of the year, and total loans of 875.8 billion yuan, up by 62.84 billion yuan (7.73%) [6].