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on september 20, the official website of the financial regulatory administration showed that bank of beijing had been approved to acquire beijing yanqing rural commercial bank and set up a branch.

another rural bank will be dissolved

the approval document shows that on september 13, the beijing financial regulatory bureau agreed to bank of beijing's acquisition of beijing yanqing rural commercial bank and the establishment of bank of beijing gaota branch, which will take over all the assets, liabilities, businesses and employees of beijing yanqing rural commercial bank.

the beijing financial regulatory bureau pointed out that bank of beijing should complete the acquisition in accordance with the requirements of relevant laws and regulations such as the company law of the people's republic of china and the commercial bank law of the people's republic of china, and urge beijing yanqing rural commercial bank to handle legal entity changes, dissolutions and other related matters in accordance with regulations; it should apply for approval to open the above-mentioned branch after the preparation work is completed.

in april this year, bank of beijing held a board meeting and unanimously passed the "proposal on acquiring beijing yanqing rural commercial bank and establishing a branch".

according to the semi-annual report of bank of beijing, in november 2008, bank of beijing and other sponsors jointly established beijing yanqing rural bank. as of june 30, 2024, the registered capital of beijing yanqing rural bank was 30 million yuan, and bank of beijing held a 33.33% stake; the bank had total assets of 1.2 billion yuan, net assets of 126 million yuan, and a net loss of 9.6854 million yuan in the first half of the year.

the integration of “village-to-branch” is accelerating

compared with previous years, the number of cases in which village banks were converted into branch outlets by their parent banks or sponsoring banks has increased significantly this year.

on the evening of august 29, bank of tianjin (1578.hk) issued an announcement that it plans to acquire the remaining 65% of the shares of jizhou rural commercial bank and convert it into a branch of tianjin bank.

on the evening of september 14, the guangdong regulatory bureau of the state financial regulatory administration published two replies, agreeing to the dissolution of dongguan dalang dongying rural commercial bank and huizhou zhongkai dongying rural commercial bank due to their absorption and merger by dongguan rural commercial bank.

on august 26, harbin bank (6138.hk) announced that it plans to absorb and merge its four village banks and convert them into branches.

on august 19, changsha bank (601577.sh) announced that it plans to acquire qiyang rural commercial bank and set up a branch.

on june 14, china minsheng bank (600016.sh) announced that it plans to acquire meihekou minsheng rural bank and set up a branch.

on june 7, lanzhou bank (001227.sz) announced that it plans to acquire yongjing county jincheng rural commercial bank and gansu xigu jincheng bank and set up branches.

according to incomplete statistics from some media, about 50 small and medium-sized rural banks have been absorbed, merged or dissolved since the beginning of this year.

in august this year, xiao yuanqi, deputy director of the state financial regulatory bureau, mentioned at a press conference that the reform and risk prevention and control of small and medium-sized financial institutions need to be steadily promoted according to the actual situation, and not "one size fits all", but to implement the strategy of "one policy for each province, one policy for each bank, and one policy for each company". as for whether to accelerate the integration of regional banks in the future, he said that the financial layout should be optimized based on multiple factors such as the level of regional economic development and changes in financial demand, with the ultimate goal of ensuring that financial supply and services can meet the diversified needs of the market and consumers.

on the afternoon of september 4, the official website of the state financial regulatory administration released the latest list of legal persons of banking financial institutions. according to official data, by the end of the first half of 2024, there were 4,425 legal persons of banking financial institutions.

compared with the end of last year, the number of city commercial banks decreased from 125 to 124, a decrease of 1; the number of rural commercial banks decreased from 1,606 to 1,577, a decrease of 29; the number of rural credit cooperatives decreased from 545 to 483, a decrease of 62; the number of village banks decreased from 1,642 to 1,620, a decrease of 22. therefore, the number of city commercial banks, rural commercial banks, rural credit cooperatives and village banks decreased by 114 in total.

edit|lu xiangyong du hengfeng

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daily economic news is compiled from the official website of the financial regulatory administration, china fund news, 21st century business herald, and financial times

daily economic news