Cao Tong takes over, can Shanghai Huarui Bank usher in a new change?

Produced | WEMONEY Research Room

Wen | Liu Shuangxia

In 7 years of opening, Shanghai Huarui Bank ushered in the third chairman. A few days ago, the supervision of Cao Tong was qualified to be the chairman of the bank. This means that Cao Tong will officially take over Hou Funing and become the third head of this private bank.

Cao Tong was the president of Weizhong Bank. After leaving private banks for 7 years, the "bald president" returned again.

Now that the background of Shanghai Huarui Bank faced by Cao Tong is different from Weizhong Bank, the living environment of private banks has long changed.

01. Hou Funing Times: The ticket is continuous, the lease loan is stepped on

In January 2015, Shanghai Huarui Bank was approved to open, and its first chairman was Ling Tao. Ling Tao was the deputy director of the Shanghai headquarters of the central bank, and he took charge of Shanghai Huarui Bank before he served as Junyao Group.

Hou Funing is the second chairman of Shanghai Huarui Bank. According to the annual report of Shanghai Huarui Bank, Hou Funing's term will be since June 17, 2016, and the time of approval by the official website disclosed by the CBRC is March 2018.

On January 5 this year, Hou Funing submitted resignation to the board of directors of Shanghai Huarui Bank because of "personal reasons". However, in order to ensure the effective operation of the board of directors, Hou Funing officially performed his duties in the new generation of chairman to perform his duties.

During Hou Funing, Shanghai Huarui Bank's total assets increased from 30.983 billion yuan at the end of 2016 to 45.925 billion yuan at the end of 2021. Among them, in 2018, the bank's total assets were shrinking.

According to the performance report data, as of the end of 2018, the total assets of Shanghai Huarui Bank were 36.261 billion yuan, a decrease of 7.36%from the end of 2017; the total liabilities were 32.542 billion yuan, a decrease of 8.97%from the end of 2017.

(Data comes from corporate early warning)

While the bank is growing in assets, it also hides business risks and violations.

In September last year, the Shanghai Banking Regulatory Bureau issued a huge ticket to Shanghai Huarui Bank, with a total amount of more than 5.2 million yuan.

According to regulatory tickets, there are 11 illegal and violations involved in Shanghai Huarui Bank from 2016 to 2020. At the level of management and operation, the bank not only did not disclose information in accordance with regulations, but also appointed senior management personnel without the qualifications of the job. At the business level, Shanghai Huarui Bank also exists illegally issuing credit loans to the affiliates, and the interbank business seriously violates the rules of prudent business rules.

In addition, Shanghai Huarui Bank has also stepped on the long -term rental apartment and was punished for violations of the rental loan business.

According to Shanghai Huarui Bank's 2017 annual report, it has a strategy of "first rowing before controlling the exhibition, cooperation first, and then self-employment, piloting and promoting". Rental mortgage products. As of the end of 2017, the bank issued more than 500 million yuan in rental and loan balances of 320 million yuan, and more than 25,000 households with rental mortgages. They have established cooperative relationships with leading enterprises in long -term rental apartments in Shanghai, Hangzhou and other cities.

02. Cao Tong takes over, can Huarui Bank usher in a new change?

The successor Cao Tong was born in the traditional banking industry, and there are also private banking experience. Public information shows that Cao Tong has served as the People's Bank of China, China Merchants Bank, China CITIC Bank, China Import and Export Bank, Shenzhen Qianhai Weizhong Bank, who was the Vice President of CITIC Bank, Vice President of China Import and Export Bank, Qianhai, Shenzhen President of Weizhong Bank.

It is understood that in 2014, Cao Tong joined Weizhong Bank. When joining Weizhong Bank, Cao Tong shaved his head, implying "starting from scratch". After that, there was "Bald President".

However, Cao Tong left in Weizhong Bank only one year later. Since then, he has participated in the establishment of Xiamen International Financial Technology Co., Ltd. and Xiamen International Financial Assets Trading Center.

Now that Cao Tong has returned to the private bank camp again, and the shareholders of Shanghai Huarui Bank and Weizhong Bank they are facing are different, the development has also opened up, and the industry environment at this time has long been different from the past.

Shanghai Huarui Bank is one of the first batch of five private banks in the country, with a registered capital of 3 billion yuan. It was initiated by Junyao Group and ten local private enterprises in Shanghai. It officially opened on May 23, 2015.

Weizhong Bank relies on traffic giants and belongs to the Internet -based bank. Shanghai Huarui Bank is limited by the "one -line shop" regulations and faces the problem of suction storage.

From the current development situation, as of the end of 2021, Shanghai Huarui Bank's total assets were 45.925 billion yuan, annual operating income of 1.601 billion yuan, and net profit of 223 million yuan. During the same period, Weizhong Bank's total assets of Weizhong Bank were 438.748 billion yuan, annual operating income of 26.989 billion yuan, and net profit of 6.884 billion yuan.

From the perspective of the industry environment, in addition to several Internet banks on the heads, most private banks are in a state of difficult survival.

In February 2021, the "Notice on Further Regulating the Internet Loan Business of Commercial Bank" issued by the China Banking Regulatory Commission requires that local legal person banks should conduct Internet loan business, and they shall serve local customers and shall not conduct Internet loan business across the registered area.

This means that in addition to several Internet banks such as Weizhong Bank and online commercial banks, other private banks in China must issue loans in the registered area. After the new regulations, private banks have reached the "crossroads", and restrictions on different places have become the biggest problem that hinders its rapid expansion.

In addition, from Shanghai Huarui Bank itself, it must not only digest the historical violations of previous development, but also face the issue of changes in equity.In fact, the second shareholder of Shanghai Huarui Bank, Meibang Clothing and Four -shareholders Gan Shang Group, are seeking equity sales.

A few days ago, Meibang Clothing announced that due to the 10.1%shareholding of Huarui Bank's 10.1%of the Hualui Bank, it has not been permitted by the Banking Regulatory Commission, and the company's shareholders meeting has been submitted to the validity period of the resolutions related to the reorganization and the validity period of the relevant matters related to the reorganization to 2023 to 2023August 5th.

According to Alibaba's judicial auction information, the 244.5 million shares of Shanghai Huarui Bank held by Gan Shang Group will be publicly auctioned in late August, and the equity evaluation price and starting price will be 313 million yuan.

However, recently, the CBRC issued the "Notice on Strengthening the Management of Internet Loan Business Management of Commercial Banks" and improving the quality and efficiency of financial services, which mentioned that the extended time compliance was changed for one year, allowing private banks to get a "breathing" opportunity.At the same time, the outside world also had a lot of expectations for Cao Tong's in charge of Shanghai Huarui Bank.

- END -