“村改支”，又有新动作

Core Viewpoint - Hengfeng Bank has officially acquired Guang'an Hengfeng Rural Bank, taking over all its assets, liabilities, and operations, marking another instance of the "village-to-branch" transformation in China [2][6]. Summary by Sections Acquisition Details - On November 4, the Sichuan Regulatory Bureau of the National Financial Supervision Administration approved the dissolution of Guang'an Hengfeng Rural Bank, with Hengfeng Bank assuming all its assets, liabilities, and business operations [4]. - Following the approval, Guang'an Hengfeng Rural Bank ceased all operations immediately and is required to return its license within 15 working days [4]. Ownership Changes - Guang'an Hengfeng Rural Bank was established on December 15, 2010, with a registered capital of 200 million yuan. Hengfeng Bank held a 40% stake in the bank prior to the acquisition [4]. - In January 2023, Hengfeng Bank increased its stake in Guang'an Hengfeng Rural Bank to 66% by acquiring 52 million shares from other shareholders [5]. Broader Context - This acquisition is part of Hengfeng Bank's broader strategy to absorb multiple rural banks. Earlier in 2023, it acquired Chongqing Jiangbei Hengfeng Rural Bank and announced plans to merge with Yangzhong Hengfeng Rural Bank [8]. - Hengfeng Bank is preparing for an initial public offering (IPO) and aims to meet overall listing conditions as a core strategic goal [8]. Financial Performance - As of the end of 2024, Hengfeng Bank reported total assets of 1.54 trillion yuan, with operating income of 25.775 billion yuan, reflecting a year-on-year growth of 1.98%. Net profit reached 5.357 billion yuan, up 4.30% [8]. - The bank's asset quality improved, with non-performing loans totaling 12.873 billion yuan, a decrease of 1.060 billion yuan from the previous year, and a non-performing loan ratio of 1.49%, down 0.23 percentage points [9].