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[Some industry insiders also believe that for private banks, the introduction of local state-owned assets this time is a relaxation of restrictions on shareholder identities, which sends a positive signal. "The relaxation of restrictions this time, allowing other types of shareholders to enter, means that the types of shareholders of private banks will tend to be diversified in the future, which is conducive to the development of private banks." Several private bank personnel told reporters.]

The first time that state-owned assets became the largest shareholder of a private bank attracted attention.

On August 12, the State Financial Supervision and Administration Bureau issued an announcement, approving the equity change of Jiangxi Yumin Bank Co., Ltd. (hereinafter referred to as "Jiangxi Yumin Bank"), and agreeing that Nanchang Financial Holdings Co., Ltd. (hereinafter referred to as "Nanchang Financial Holdings") will acquire 600 million shares of Jiangxi Yumin Bank held by Zhengbang Group Co., Ltd. (hereinafter referred to as "Zhengbang Group").

After the transfer was completed, Nanchang Financial Holdings replaced Zhengbang Group as the largest shareholder of Jiangxi Yumin Bank, holding 30% of the shares. The former's largest shareholder was the Nanchang Municipal People's Government. In other words, local state-owned assets became the largest shareholder of a private bank for the first time.

"It is a market-oriented behavior." Industry insiders told reporters that the state-owned assets becoming the largest shareholder of Jiangxi Yumin Bank is a normal market-oriented behavior. There have been calls in the industry to relax shareholder restrictions for private banks. At a time when private banks are facing increasing difficulties in operation and equity transfers are frequently unsuccessful, introducing diversified shareholder forms and relaxing shareholder identity restrictions will help private banks to move forward steadily and may become a trend in the future.

The first case of state-owned capital taking over a private bank

Jiangxi Yumin Bank, which was approved for establishment in 2019, is the first private bank in Jiangxi Province and the 18th in the country. It was jointly initiated and established by a number of private enterprises in Jiangxi Province with a registered capital of 2 billion yuan. Before the approval of the replacement of the largest shareholder, Jiangxi Yumin Bank was 30% held by Zhengbang Group, the largest private enterprise in Jiangxi, which was the largest shareholder.