ICBC(SH:601398) 中国基金报·2025-10-29 04:03Core Viewpoint - The acquisition of Jinzhou Bank by Industrial and Commercial Bank of China (ICBC) marks the end of a six-year reform process, representing a significant move in the restructuring of small and medium-sized banks in China [2][4]. Summary by Sections Acquisition Announcement - Jinzhou Bank announced that ICBC will acquire its assets, liabilities, business, branches, and personnel, with the transaction approved and a formal acquisition agreement signed [2]. - The bank reassured that the legitimate rights and interests of its depositors will remain unaffected by this acquisition [2]. Business Migration - A notification was issued regarding the migration of Jinzhou Bank's business operations to ICBC's platforms, which will take effect 15 working days after the announcement [2]. - The migration includes corporate banking services such as settlement accounts, online banking, and payroll services, as well as personal banking services like payment and fund distribution [2]. Current Status and Customer Experience - As of now, Jinzhou Bank's official website is inaccessible, but its mobile banking app remains operational [3]. - Customers have reported a decrease in interest rates for deposits compared to previous rates, aligning more closely with larger banks' rates [3]. Shareholder Meeting and Approval - On September 26, a special resolution was passed at a shareholder meeting, with 98.91% of voting shares represented, approving the operational integration of Jinzhou Bank [4]. - This acquisition is noted as the first instance of a city commercial bank being fully absorbed by a state-owned bank in recent years, indicating a new phase in risk management for smaller financial institutions [4]. Industry Implications - The acquisition is seen as an innovative measure for large commercial banks to address risks associated with smaller financial institutions, marking a shift in risk resolution strategies [4].