一省级农商行，增持！

Core Viewpoint - Ningxia Huanghe Rural Commercial Bank has increased its stake in Ningxia Tongxin Rural Commercial Bank to 46.78% through the acquisition of 24.9 million shares, enhancing its influence in the region's financial landscape [2][4]. Group 1: Shareholding Changes - The approval from the Ningxia Financial Regulatory Bureau allows Huanghe Rural Commercial Bank to hold a total of 36.250431 million shares in Tongxin Rural Commercial Bank, with the shareholding ratio changing from 21.62% to 46.78% [4]. - Tongxin Rural Commercial Bank is required to comply with relevant laws and regulations to complete the shareholding change and improve its governance and internal control mechanisms [4]. Group 2: Strategic Implications - The increase in shareholding, while not achieving full control, significantly enhances Huanghe Rural Commercial Bank's influence and is expected to strengthen its financial network in Ningxia [4]. - Huanghe Rural Commercial Bank, as the first provincial-level cooperative reform pilot in the country, is positioned to create a more efficient financial service network through this strategic move [4]. Group 3: Industry Context - The reform of village and town banks is accelerating, with over 100 village and town banks having completed mergers and acquisitions by August 20, 2025, surpassing the total for the entire year of 2024 [7]. - The government is focusing on risk management and transformation of local small and medium financial institutions, which may lead to further consolidation in the sector [7][8].