8月21日，以农业银行、邮储银行为代表的一众银行股价创新高，并演绎数月上涨的优美曲线的延续。这背后，体现出如今投资者对于银 行股权的"惜售"，以及市场对银行稳健经营、高分红等特性重视。 图片系武汉农商行约3800万股正在被拍卖 而以上只是此次拍卖的一部分。除此之外，武汉农商行剩余股权还被拆分成多个小型拍卖场次，其中对应最低起拍数量为10万股，最多 则为250万股，汇总合计已然超4000万股，但所有时间均一致，开拍于明早10点。如此安排，或为当下再次拍卖中情况下，作为改善流动 性的一部分，进而提高拍卖成功概率。毕竟，如此体量的股权，若非是真正意义上的实力买家，难以一口气消化。 图片系阿里拍卖平台上，武汉农商行多项拍卖情况部分截图 业绩多年下滑、价格一降再降 进一步来看本次拍卖情况，已然是大幅折价。从最大数量3843万股这笔拍卖来看，起拍价为6918万元，由此计算该行每股价格为1.79元/ 股。那么，这样的起拍价到底是什么水平？根据武汉农商行此前披露的2024年年报，彼时其每股净资产为5.04元/股，因此起拍价仅为 0.36PB（1.79/5.04），处于极低水平。若考虑到目前净资产进一步增长的可能，其实际估值水 ...

Core Insights - The chairman of Fudian Bank, Xia Shu, has been investigated after over ten years in leadership, coinciding with the auction of 200 million shares held by the fifth-largest shareholder, Fujian Xintong Trading Co., Ltd [2][6] - The auction is set for September 15, with a starting price of 513.8 million yuan, representing a 30% discount from the assessed value [2][3] - Fudian Bank's capital adequacy ratio has declined by 0.41 percentage points since the beginning of the year, raising concerns about how the bank will improve its capital adequacy amid shareholder changes [2][7] Shareholder Changes - Fujian Xintong Trading holds 300 million shares of Fudian Bank, equating to a 4.49% stake, which will drop to 1.49% if the auction is successful [3][4] - The company has been listed as a defendant 11 times, with execution targets totaling 2.108 billion yuan, indicating significant financial distress [3][4] - The auction has seen no bidders as of August 21, highlighting challenges in the market for small bank equity transfers [4][5] Financial Performance - Fudian Bank's total assets reached 418.682 billion yuan as of March 31, 2025, making it the largest city commercial bank in Yunnan Province [6] - The bank's net profit growth has significantly slowed, dropping from 43.32% in 2020 to just 0.73% in Q1 2025, with a notable decrease in revenue by 25.90% year-on-year [6][7] - Despite the decline in profit growth, the bank has managed to maintain a stable capital adequacy level, with a core Tier 1 capital ratio of 8.93%, exceeding regulatory requirements [7]

记者丨 张欣 编辑丨杨希 日前，云南省纪委监委官网发布消息称，云南财经大学保留副厅级待遇干部夏蜀涉嫌严重违纪 违法，目前正接受云南省纪委监委纪律审查和监察调查。这位拥有经济学博士（后）背景、兼 具大型金融机构管理经验与学术研究经历的资深金融人士，其被查消息引发行业关注。 任职富滇银行长达十余年 公开履历显示，夏蜀1967年出生，1988年从重庆大学管理工程系毕业。此后，夏蜀相继在西 南财经大学、中国社会科学院研究生院、北京大学经济学院完成硕士、博士及博士后阶段学 习，拥有高级经济师、高级会计师职称。其职业生涯横跨建筑、信托、电力、投资及银行业： 早年曾任中信实业银行成都分行信用审查部主管、重庆国际信托投资公司总经理助理（挂 职），后担任云南电力集团总经济师、云南省投资控股集团副董事长等职。 2007年12月，夏蜀迎来职业生涯重要节点——在昆明市商业银行基础上重组设立的富滇银行正 式成立， 他作为首任董事长执掌该行，直至2018年5月卸任，任期长达十余年。 富滇银行是云南省唯一省属城市商业银行，其前身为1912年创立的富滇银行。夏蜀任内推动该 行完成早期规范化治理与业务扩张，为后续发展奠定基础。不过，2014年 ...

Core Viewpoint - Langfang Bank is facing significant operational pressure and declining performance, with asset quality risks increasing as it approaches 2025, which is deemed a critical year for the bank's turnaround [1][2]. Group 1: Financial Performance - In 2024, Langfang Bank reported an operating income of 3.613 billion yuan, a year-on-year decrease of 20.83%, and a net profit attributable to shareholders of 243 million yuan, down over 50% [7]. - The bank's total assets decreased by 1.82% year-on-year, totaling 302.837 billion yuan by the end of 2024 [7]. - The non-performing loan ratio rose to 2.44%, an increase of 0.41 percentage points from the end of 2023, while the provision coverage ratio fell significantly to 104.29%, below regulatory requirements [7]. Group 2: Shareholder Changes - Langfang City Investment Holding Group has become the largest shareholder of Langfang Bank, increasing its stake to 19.99% after acquiring shares from other shareholders [10][11]. - The bank's top five shareholders as of the end of 2024 included various companies, with the largest being Langfang City Investment Holding Group [10]. Group 3: Strategic Outlook - The bank aims to leverage the support of local state-owned enterprises to optimize its shareholder structure and stabilize its development expectations [12]. - Langfang Bank has outlined a three-year transformation plan, emphasizing the importance of 2025 as a pivotal year for its strategic initiatives, focusing on enhancing service capabilities and integrating with local economic development [12].

Group 1 - The equity stake of 1.6926% held by Shanxi Shengshi Jinyuan Investment Co., Ltd. in Shanxi Wutai Rural Commercial Bank was publicly auctioned on June 8, with an assessed value of 17.54 million yuan and a starting price of 14.91 million yuan, which is a 15% discount from the assessed value [1] - Shanxi Shengshi Jinyuan is the second-largest shareholder of Wutai Rural Commercial Bank, holding 4.4954% of the shares, with an assessed value of 46.59 million yuan [1] - The auction for the 1.6926% stake failed due to no bids being placed [1] Group 2 - Wutai Rural Commercial Bank was established on November 5, 2011, with a total capital of 763 million yuan, and has 32 branches and 428 employees [3] - As of the end of 2024, the bank reported total deposits of 13.798 billion yuan and total loans of 11.939 billion yuan, with market shares of 43.1% and 70.3% respectively [3] - The bank's total revenue was 919 million yuan, with a pre-provision profit of 447 million yuan [3] Group 3 - Other shareholders of Wutai Rural Commercial Bank, including Shanxi Xingyao Sihai Trading Co., Ltd. and Shanxi Chenyu Jinzhong Fertilizer Co., Ltd., are facing difficulties, with their equity frozen [3] - Shanxi Xingyao Sihai, the fourth-largest shareholder, holds 4.12% of the bank's shares and is involved in a loan contract dispute [3] Group 4 - The equity market for Shanxi Wutai Rural Commercial Bank has been active this year, primarily due to passive disposals [4] Group 5 - In February, the Shanxi Provincial Property Exchange announced the transfer of 10 million shares (1.31% of total equity) held by Shanxi Chenyu Jinzhong Fertilizer Co., Ltd. at a base price of 9.6 million yuan, linked to a criminal case [5] - The individual involved, Qing Liangxi, was previously the director of the Shanxi Rural Credit Cooperative Union and was banned for life from the banking industry due to severe penalties [5]