Isn't the financial lease license "fragrant"?Guangzhou Rural Commercial Bank wants to transfer its Pearl River Gold Rental Stocks

As of the end of December 2021, there were 71 financial leasing companies across the country. This number has not changed from the end of the first half of last year

Reporter Lu Dong

The financial leasing license has always been the "fragrant citron" in the eyes of the bank. Many banks initiated or increased their holdings of financial leasing companies. Recently, some banks have announced that they want to give up their valuable financial lease licenses -more than 8 years after the wholly -owned ownership of Zhujiang Financial Leasing Co., Ltd. (hereinafter referred to as "Pearl River Gold Rental"), Guangzhou Rural Commercial Bank decided to "let go".

The bank recently stated that it will consider the proposal to transfer the transfer of a full -scale subsidiary of all -Assets, Pearlin Gold Rental Equity at a shareholders meeting held on August 19. It is reported that the Guangzhou Rural Commercial Bank encountered a sharp decline in performance in 2021. Regarding the transfer of the Pearl River Gold Rental equity, the bank said that the move was focusing on the main business.

Want to transfer the Pearl River Gold Rental Equity

Focus on the main business

In the context of fierce competition in traditional business and decline in growth, commercial banks have actively looking for new profit growth points in recent years, and having a financial lease license is obviously a good choice. Although in November last year, China Huarong announced 79.92%of Huayong Financial Leasing, which was intended to transfer the equity of Huayong Financial Leasing, but the bank transferred the case of its all -funded financial leasing company was extremely rare. Recently Is the financial leasing license, isn't the financial lease license "fragrant"?

At present, Guangzhou Rural Commercial Bank holds 100%equity of the Pearl River Gold Rent. The equity transferred to the Pearl River Gold Rent will adopt a public transaction method through the property right market or the transfer of non -public agreement. According to financial calculations, referring to the market situation, the transfer price per share is not lower than the net asset value per share after evaluation.

According to the data, the Pearl River Gold Rental is the first national financial leasing company approved by the "Financial Leasing Company Management Measures" in March 2014 since the promulgation of the "Administrative Measures for the Financial Leasing Company". Rental company. At the end of December 2021, the Zhujiang Gold Rental rents increased the registered capital of 500 million yuan with unpreated profit, and the registered capital increased to 1.5 billion yuan.

The reporter noticed that despite the early establishment and old qualifications, the performance rankings of the Pearl River Gold Rent were relatively backward, and the size and profitability of the assets were in the middle and lower reaches.

Guangzhou Rural Commercial Bank, a parent company in Pearl River Golden Rent, is a H -shares listed bank. In 2021, its performance experienced a sharp decline. The 2021 annual report shows that the bank's net profit attributable to shareholders of the parent company in 2021 was 3.175 billion yuan, a significant decrease of 37.51%from 2020. The bank stated that the cause of a sharp decline in performance was mainly affected by the impact of external complicated environment and epidemic situation, and a large amount of impairment of impairment of assets was provided to enhance the ability to resist risks. In the whole year of 2021, the impairment of the assets of Guangzhou Rural Commercial Bank reached 12.603 billion yuan, which was far higher than 7.893 billion yuan in 2020. After a large number of coupons, the bank's asset quality was basically stable last year. As of the end of 2021, the non -performing loan ratio of Guangzhou Rural Commercial Bank was 1.83%, a slight increase of 0.02 percentage points from the end of 2020.

For financial leasing companies, it is inseparable from the strong financial support of shareholders to maintain good operation and development, and it is even more so so -owned. However, the decline of Guangzhou Rural Commercial Bank's performance also seems to strengthen its determination to abandon the financial lease license. Guangzhou Rural Commercial Bank stated that the transfer of the Zhujiang Gold Rental Equity is optimizing the asset structure and resource allocation, further focusing on the development layout of the main business, improving profitability, enhancing risks and resistance, and focusing on the overall development of Guangzhou Rural Commercial Bank.

The reporter noticed that as early as the 2022 work plan disclosed last year's annual report, Guangzhou Rural Commercial Bank revealed the determination to focus on the main business. The bank stated that in 2022, the general tone of the work of stabilizing the word and seeking stability, and actively implemented the positioning requirements of the municipal party committee and municipal government's "not forgetting the original intention, returning to the origin, and the small agricultural support". Focus on key areas such as food stable production and increase, agricultural product stabilizer, the rejuvenation of the seed industry, and agricultural modernization, further strengthen the comprehensive service capabilities, and fully reflect the return of returning to the source and supporting the main positioning of the main business.

The bank is still the Gold Rental Company

The most important shareholder group

Although Guangzhou Rural Commercial Bank decided to abandon valuable financial leasing licenses, from the current perspective of more than 70 financial leasing companies, banks are still the most important shareholders of Gold Rental Company.

"The current financial leasing license is still very valuable. For the banking industry, the financial leasing business has provided a diversified source of profits. Therefore, many banks have deployed financial leasing business, which is almost a major direction for the development of the banking industry." Jiang Han told the Securities Daily reporter.

According to the list of legal persons of the banking industry financial institution disclosed by the CBRC, as of the end of December 2021, there were 71 financial leasing companies across the country, which has not changed from the end of the first half of last year. 71 financial leasing companies have 49 banks (including one policy bank), accounting for nearly 70 %. In addition to the postal savings banks, the remaining banks have set up financial lease subsidiaries, and 8 shares, 10 rural commercial banks, and 25 urban commercial banks have deployed financial leasing companies.

Although the number of financial leasing companies initiated and shared by banks has been established and shares, the reporter noticed that in recent years, the bank has initiated a financial leasing company in recent years.The only bank's financial leasing company recently established was BOC Gold Rent. It was established in June 2020 with a registered capital of 10.8 billion yuan, of which 10 billion yuan contributed by Bank of China, with a shareholding ratio of 92.59%.Since then, banks have not been newly established.According to the public information disclosed earlier, Guangfa Bank, Bank of Chengdu, and Jiangyin Bank have announced their intention to establish a financial leasing company, but they have not yet been completed.Jiang Han said that banks usually have strong capital strength and have the advantages of financing costs, so that its financial leasing companies can receive strong support in terms of financing sources and capital supplements.In the future, the banking industry will need to spend more effort to explore in this field.

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