新疆银行业，传来大消息！

Core Viewpoint - The Financial Regulatory Bureau has approved the merger of Xinjiang Bank and Huhe Bank, leading to the dissolution of Huhe Bank and the transfer of its assets, liabilities, business, institutions, and employees to Xinjiang Bank [1][5]. Summary by Sections Merger Approval - The merger was approved by the Financial Regulatory Bureau, allowing Xinjiang Bank to absorb Huhe Bank and take over its assets and liabilities after asset verification [1][5]. - The approval mandates that the merger must be completed within six months from the date of approval [5]. Background of Huhe Bank - Huhe Bank, established in 2002, is the first county-level commercial bank in Xinjiang and one of the smallest city commercial banks in the country, with total assets of approximately 44.7 billion yuan and registered capital of nearly 1.1 billion yuan as of the end of 2021 [4]. - The bank has not disclosed annual reports for several years and had previously attempted to go public but failed to complete the process [4]. Previous Mergers - Prior to the merger with Huhe Bank, Xinjiang Bank had already completed the absorption of Kurle Bank in mid-2024, which increased its asset scale to 168.2 billion yuan and expanded its branch network [6]. - The integration of Kurle Bank was part of a broader reform initiative to strengthen local financial institutions and mitigate financial risks [6][8]. Future Plans - Following the merger with Huhe Bank, the number of city commercial banks in Xinjiang will decrease to four, including Xinjiang Bank, Urumqi Bank, Kunlun Bank, and Hami City Commercial Bank [7]. - Xinjiang Bank has been recognized as a key financial institution for potential listing by 2025 and has initiated preparations for its IPO [7]. Broader Context of Bank Mergers - Since 2020, various local governments have been promoting the merger and restructuring of city commercial banks to enhance their strength and mitigate financial risks [8][9]. - Other regions in China have also seen similar consolidation efforts, with several banks merging to improve their operational efficiency and service capabilities [9].