【文/羽扇观金工作室】 近期，银行业增资扩股热潮持续升温，地方银行成为其中的主力军。 1月12日晚，南京银行发布公告，大股东紫金投资集团及其控股子公司紫金信托于2025年9月11日至2026 年1月12日期间，以集中竞价交易方式累计增持该行12347.2万股股份，占总股本的1%，合计持股比例 从13.02%提升至14.02%。南京紫金集团是南京市国资集团的全资子公司。 | 投资者名称 | 变动前股数 | 变动前 | 变动后股数 | 变动后比 | 权益变动方 | 权益变动的 | 资金来源(仅 | | --- | --- | --- | --- | --- | --- | --- | --- | | | (股) | 比例(%) | (股) | 例(%) | ਸੀ | 时间区间 | 增持填写) | | 发生直接持股变动的主体: | | | | | | | | | | | | | | | | 自有资金 ☑ | | 南京紫金投 | | | | | 集中竞价 四 | 2025/09/11 | 银行贷款 □ | | 资集团有限 | 1, 330, 914, 235 | 10. 76 | 1, 393, 290, 843 | ...

本报记者 熊 悦 2026年开年，多家中小银行增资取得新进展。《证券日报》记者据国家金融监督管理总局官网公开信息 梳理，截至1月11日，今年以来已有33家商业银行变更注册资本获批的消息公布。 1月6日，国家金融监督管理总局上饶监管分局一连发布8家银行变更注册资本的批复，包括上饶农村商 业银行股份有限公司、江西德兴农村商业银行股份有限公司等，8家银行均申请增加注册资本。同日， 国家金融监督管理总局承德金融监管分局、海北金融监管分局等均发布辖内银行变更注册资本的批复， 且均为增加注册资本。 具体来看，增加注册资本的银行以城商行、农商行等区域性中小银行为主，且主要集中在江西、河北、 青海等地。 从增资方式来看，多家银行拟通过定增，引入新股东或获得大股东增持。例如，江西农村商业联合银行 股份有限公司入股江西玉山农村商业银行股份有限公司、江西余干农村商业银行股份有限公司、江西弋 阳农村商业银行股份有限公司等江西地区多家农商行获批。 1月6日，国家金融监督管理总局青海监管局公布信息，同意青海银行股份有限公司变更注册资本方案， 募集股份6.48亿股，并同意西部矿业集团有限公司、青海省交通控股集团有限公司股东资格。 南开大学 ...

Core Viewpoint - Shaanxi International Trust Co., Ltd. (referred to as "Shaanxi Guotou") plans to participate in the capital increase of Chang'an Bank, with an investment amount not exceeding 800 million yuan and a maximum of 209 million shares to be acquired [1][2] Group 1 - Shaanxi Guotou received an invitation from Chang'an Bank for participation in the capital increase on November 26, 2025, and the board approved the investment on December 18, 2025 [1] - The China Securities Regulatory Commission approved Chang'an Bank's application for a specific object stock issuance on December 31, 2025 [1] - After the capital increase, Chang'an Bank will have a total share capital of not more than 10.188 billion shares, with no controlling shareholder and the actual controller being the Shaanxi Provincial Government [1] Group 2 - The funds from this capital increase will be used to supplement Chang'an Bank's core Tier 1 capital, enhancing its capital adequacy, operational capacity, profitability, market competitiveness, and risk resistance [2]

Group 1 - Weihai Bank has signed a subscription agreement with Tianlian Group to issue up to 150 million H-shares at a price of 3.29 RMB per share, raising a total of up to 493.5 million RMB, which will be used to supplement core tier one capital [1] - Several banks, including Weihai Bank, have received approval for capital increase plans this year, indicating a trend among small and medium-sized banks to address capital pressure through equity financing [1] - The successful introduction of capital, especially at a price above market value, serves as a strong endorsement of the bank's fundamentals and future prospects, helping to stabilize expectations [1] Group 2 - The subscription for Weihai Bank's H-shares by Tianlian Group, which is fully controlled by Tianjin TEDA Industrial Group and indirectly owned by the Tianjin Municipal Government, highlights the increasing involvement of local state-owned assets in regional bank capital increases [2] - Bank capital increases often lead to optimized equity structures, creating opportunities to attract long-term focused shareholders and improve corporate governance [2] - The involvement of local state-owned enterprises in banks strengthens the connection between banks and local economic development, facilitating better alignment with government development plans and key projects [2] - Long-term healthy development of small and medium-sized banks relies on their ability to enhance operational efficiency and risk management, transitioning from reliance on external capital to internal growth [2]

Group 1 - Suzhou Bank's major shareholder, Suzhou International Development Group, announced an increase in shareholding by acquiring 44.706654 million shares, representing 1% of the total share capital from July 1, 2025, to December 5, 2025 [1] - Hunan Bank received approval from the Hunan Financial Regulatory Bureau to increase its registered capital by 1 billion RMB, raising it from approximately 7.75 billion RMB to about 8.75 billion RMB, an increase of nearly 13% [1] - After the capital increase, Hunan Bank's capital adequacy ratio will rise to 12.6%, and its core tier 1 capital adequacy ratio will increase to 9.2%, significantly enhancing its capital strength [1] - The Shaanxi Financial Regulatory Bureau approved Chang'an Bank's capital increase plan, allowing it to raise no more than 2.611 billion shares, with all funds aimed at supplementing core tier 1 capital [1] Group 2 - Numerous small and medium-sized banks, including Jiujiang Bank, Qingdao Bank, and Luzhou Bank, have joined the capital increase and expansion trend this year [2] - As of the end of the third quarter of 2025, the capital adequacy ratio for commercial banks (excluding foreign bank branches) was 15.36%, with a tier 1 capital adequacy ratio of 12.36% and a core tier 1 capital adequacy ratio of 10.87% [2] - City commercial banks and rural commercial banks had capital adequacy ratios of 12.4% and 13.2%, respectively, which are lower than the average levels of large commercial banks at 17.99% and joint-stock commercial banks at 13.48% [2] Group 3 - Local state-owned capital has become the main force in the current wave of capital increases and expansions among small and medium-sized banks [3] Group 4 - A new 2 billion RMB AIC merger fund was registered in Xi'an Economic Development Zone, aimed at regional industrial upgrades and the cultivation of new productive forces [4] - The fund is a collaboration between local state-owned capital, local professional investment institutions, and national financial institutions, marking the largest equity investment fund in Shaanxi since the AIC pilot [4] - The fund focuses on strategic emerging industries such as new materials, semiconductors, and new energy vehicles, aligning closely with the industrial direction of Xi'an Economic Development Zone [4]

Core Viewpoint - Jiujiang Bank has announced a proposal to issue up to 860 million domestic shares and up to 175 million H-shares to qualified investors, aiming to enhance its core tier one capital and optimize its equity structure [1][3][5]. Group 1: Capital Increase Details - The funds raised will be used entirely to supplement core tier one capital, enhancing the bank's risk resilience and optimizing its equity structure [3]. - If the issuance reaches its upper limit, Jiujiang Bank's total share capital will increase from 2.847 billion shares to 3.882 billion shares, representing a growth of over 36% [3]. - The domestic shares will be issued to no more than 35 qualified domestic institutional investors, including major shareholders [3]. Group 2: H-share Issuance - The H-share issuance will involve up to 175 million shares, targeting no more than 10 independent qualified investors [5]. - The actual number of shares issued will depend on regulatory approvals and market conditions [5]. - The pricing mechanism will consider the bank's financial status, market environment, and legal requirements, with H-share prices adjusted to align with domestic shares if issued simultaneously [5]. Group 3: Context of Capital Increases in the Industry - There has been a surge in capital replenishment plans among small and medium-sized banks this year, with over 10 institutions pursuing capital increases, primarily driven by local state-owned capital [2][6]. - Similar capital increase cases have been observed, with many banks seeing an increase in the proportion of state-owned capital post-issuance [8][10]. - The capital increase is viewed as a strategic move to meet regulatory requirements and enhance the banks' ability to support local economies [7][10].

Core Viewpoint - Jiujiang Bank is planning a significant capital increase by issuing up to 860 million domestic shares and up to 175 million H-shares to enhance its core tier one capital and optimize its equity structure [1][2]. Group 1: Capital Increase Details - The proposed issuance will increase Jiujiang Bank's total share capital from approximately 2.847 billion shares to about 3.882 billion shares, representing an increase of over 36% [1]. - The funds raised will be used entirely to supplement the bank's core tier one capital, thereby improving its risk resistance capabilities [2]. - The domestic share issuance will target up to 35 qualified domestic institutional investors, including major shareholders [2]. Group 2: Shareholder Information - Major shareholders of Jiujiang Bank include Jiujiang Municipal Finance Bureau (15.78%), BAIC Group (12.85%), Industrial Bank (10.34%), Fangda Carbon (6.01%), and Foshan Gaoming Jindun (3.37%) [2]. - The H-share issuance will be directed towards up to 10 independent qualified investors, with the actual number depending on regulatory approvals and market conditions [2]. Group 3: Historical Context and Performance - Jiujiang Bank was established in November 2000 and listed on the Hong Kong Stock Exchange in July 2018, being the first city commercial bank in Jiangxi Province to do so [4]. - As of September 2023, the bank's total assets exceeded 520 billion yuan, ranking second among local city commercial banks in Jiangxi [5]. - In the first three quarters of 2023, Jiujiang Bank achieved a net profit of 870 million yuan, reflecting a year-on-year growth of 4% [5].

Core Points - Hunan Bank has received approval from the CSRC to issue 1 billion ordinary shares to specific investors, all of which are state-owned entities [1][2] - The bank aims to increase its state-owned shareholding from 81.77% at the end of last year to nearly 84% after the capital increase [2] - The capital increase is part of Hunan Bank's strategy to enhance its capital adequacy, optimize its capital structure, and improve its risk resilience and sustainable operational capacity [2] Group 1: Capital Increase Details - Hunan Bank's capital increase plan has been approved by the provincial government and the financial regulatory authority [1][2] - The bank's registered capital is set to increase from 77.5 billion yuan, with the capital increase expected to strengthen its ability to meet regulatory capital requirements [4][5] - The bank's total assets exceeded 600 billion yuan as of June, with a target to surpass 750 billion yuan within five years [5] Group 2: Historical Context and Ownership Changes - Hunan Bank was established in 2010 as a provincial-level commercial bank, evolving from the merger of several local banks and credit cooperatives [3] - The bank's major shareholder, China Huarong, transferred its 40.53% stake in Hunan Bank in 2021, leading to a new ownership structure where Caixin Financial Holdings and Central Huijin became the primary shareholders [3] - The bank's strategic goal includes becoming a listed bank within five years, with a focus on improving its operational metrics [5] Group 3: Industry Trends - There has been a trend among local banks in China to increase state-owned capital through targeted share issuances, with at least eight banks completing similar capital increases this year [6][7] - These capital increases are primarily subscribed by local state-owned enterprises, significantly raising the proportion of state-owned shares in these banks [6][7]

Core Viewpoint - Hunan Bank is set to complete its first large-scale capital increase, having received approval from the CSRC to issue 1 billion shares to specific state-owned entities, aiming to enhance its capital adequacy and support its growth strategy [1][2][3]. Group 1: Capital Increase Approval - On October 24, Hunan Bank announced that the CSRC approved its plan to issue 1 billion ordinary shares to specific investors, all of which are state-owned entities [1][2]. - The capital increase is part of a broader strategy to respond to complex economic conditions and regulatory requirements, aiming to improve the bank's capital structure and adequacy [2][3]. Group 2: Historical Context and Future Goals - Hunan Bank, formerly known as Huarong Xiangjiang Bank, was established in 2010 and aims to become a listed bank within five years of its inception [4][6]. - The bank's asset size exceeded 600 billion yuan as of June 2023, with a target to surpass 750 billion yuan in assets within five years [6]. Group 3: Financial Performance and Regulatory Compliance - As of June 2023, Hunan Bank reported a revenue of 5.6 billion yuan and a net profit of 1.94 billion yuan, reflecting a year-on-year decline of 6.8% and 2.6%, respectively [6]. - The bank is under pressure to replenish its core Tier 1 capital ratio, which has decreased since the beginning of the year, necessitating this capital increase [3]. Group 4: Broader Industry Trends - Hunan Bank's capital increase aligns with a trend among local banks in China, where at least eight banks have completed or initiated capital increases this year, primarily funded by local state-owned enterprises [7][8]. - This trend indicates a significant rise in state ownership within these banks, enhancing their stability and regulatory compliance [7][8].

Core Viewpoint - Local small and medium-sized banks in China are accelerating capital replenishment actions in response to regulatory pressures and the need for financial stability [2][8] Group 1: Capital Replenishment Actions - Su Nong Bank plans to increase its registered capital from 1.803 billion to 2.019 billion yuan through the conversion of convertible bonds and capital reserves [2] - Luzhou Bank intends to issue up to 1 billion new H shares, with a shareholder meeting scheduled for the end of June [2] - Several banks, including Jilin Bank and Tianjin Rural Commercial Bank, are also in the process of capital replenishment through various means [2] Group 2: Challenges and Pressures - The banking sector is experiencing a prolonged low-interest-rate environment, leading to a narrowing net interest margin and increased pressure on revenue growth [3] - Rising default rates among corporate and individual clients due to real estate market issues and local government debt are further straining asset quality [3] - Regulatory bodies are imposing stricter requirements on risk management and internal controls for small and medium-sized banks, necessitating reforms and restructuring [3] Group 3: Strategic Considerations - Optimizing equity structure and enhancing market competitiveness are key considerations for capital increases, with potential benefits from introducing strategic investors [5] - Capital adequacy is crucial for banks to maintain trust and expand business operations in a competitive market [5] Group 4: Effects of Capital Increase - Capital increases will enhance capital adequacy ratios, allowing banks to meet regulatory requirements and expand credit offerings [6] - Higher capital levels improve risk resilience, providing a buffer against potential losses amid economic downturns [6] - Introducing strategic investors can lead to improved governance and operational efficiency [6] Group 5: Future Trends in Capital Replenishment - The trend of capital replenishment among local banks is expected to continue, driven by regulatory demands and the need for strategic development [8] - The banking sector is likely to seek diverse capital sources, including local state-owned enterprises and foreign investments, to optimize governance and enhance competitiveness [9] - As economic structures evolve, banks will need to invest in new business areas, necessitating further capital increases to support digital transformation and risk management improvements [9]