There is no essential difference between the two. Jinshang Bank is the reorganization of commercial banks.
Give you a very detailed article, and you will understand it after reading it.
From 2005, all walks of life in Shanxi called for the establishment of Jinshang Bank, to 2006, when it was listed by Shanxi provincial government, and now it has gone through a long way.
Feasible method
Shanxi Merchants Bank's predecessor, Taiyuan Commercial Bank (hereinafter referred to as Taiwan Commercial Bank), was established on June1998+1October 65438, and was restructured from the original 56 urban credit cooperatives. It is the largest city commercial bank in Shanxi Province.
According to the asset verification report issued by Shenzhen Rongxin Certified Public Accountants, before the reorganization and renaming of Jinshang Bank, by the end of 2007, the net assets of Taiyuan Commercial Bank were-197.3 billion yuan, and the non-performing assets were 3.635 billion yuan, including non-credit non-performing assets of 3 1.4 1 billion yuan.
Due to the delay of new capital replenishment of Taiwanese businessmen, the risk provision and capital adequacy ratio are seriously insufficient, and structural operational risks appear. This situation has attracted the attention of Shanxi provincial government and Taiyuan municipal government.
Since 2005, all walks of life in Shanxi have begun to call for the establishment of Jinshang Bank.
To this end, Shanxi Banking Regulatory Bureau has conducted many investigations on the restructuring and reform of local commercial banks with the original intention of resolving financial risks and increasing local financial support.
According to the survey, with the adjustment of business strategy and institutional layout of state-owned commercial banks and joint-stock commercial banks in Shanxi Province, the number of cases in loan-to-deposit ratio is generally low. At the same time, loans are obviously concentrated in big cities and large enterprises, and the financial needs of enterprises in most areas of Shanxi Province, especially small and medium-sized enterprises and private enterprises, are difficult to be effectively met.
At the same time, due to the influence of historical conditions and the restriction of its own scale, the risk problems of Taiwanese businessmen are limited in their ability to resist and resolve risks, and cannot be effectively resolved by their own strength. According to the investigation of Shanxi Banking Regulatory Bureau, it is a feasible way to resolve and deal with the risks in development by setting up Jinshang Bank.
Full of ups and downs
The reorganization process can be described as twists and turns.
In the second half of 2006, Shanxi Banking Regulatory Bureau conducted a thorough investigation on four city commercial banks in Taiyuan, Datong, Changzhi and Jincheng and two city credit cooperatives in Yangquan and Jinzhong, and put forward a joint restructuring plan.
In 2007, this idea was written into the local government work report. In that year's report, it was clearly stated that "integrating local financial resources and exploring the establishment of Jinshang Bank".
With the advancement of the establishment, the provincial and municipal governments and Shanxi Banking Regulatory Bureau found that the joint restructuring plan of six city commercial banks and urban credit cooperatives was unrealistic. The biggest problem is diversification of interests and high coordination cost.
At this point, do you insist on joint reorganization? Or too independent firm reform? Finally, the latter was chosen.
On August 6th, 2008, Shanxi Provincial Government formally established the leading group and preparatory group of Jinshang Bank. On September 5th, the provincial government held a working meeting of the leading group and the preparatory group for the establishment of Jinshang Bank, and the meeting passed the "Work Plan for the Establishment of Jinshang Bank in Shanxi Province" submitted by Shanxi Banking Regulatory Bureau.
Subsequently, from June 10 to February 18, the preparatory group of Jinshang Bank held four intensive working meetings. According to the requirements and arrangements of the Work Plan for Establishing Shanxi Merchants Bank in Shanxi Province, Taiyuan Commercial Bank has carried out capital increase and share expansion and the disposal of non-performing assets.
On June 5438+February 3, 20081day, CBRC issued the Reply on Renaming Taiyuan Commercial Bank, agreeing that Taiyuan Commercial Bank Co., Ltd. should be renamed as "Jinshang Bank Co., Ltd.".
Liquidation and reorganization
How to transform a city commercial bank into a comprehensive joint-stock commercial bank, assets verification and asset reorganization are the two most difficult bones.
In the last three months of 2008, Taiwanese businessmen implemented the above reforms at the fastest speed.
According to the resolution of the extraordinary shareholders' meeting of Taiyuan Commercial Bank, the provincial government, the municipal government and the former corporate shareholders respectively contributed 3.393 billion yuan to dispose of the existing non-performing assets of Taiyuan Commercial Bank, of which 2.405438 billion yuan was sold to finance companies. The existing stock of non-performing loans is 498 million yuan; Non-credit non-performing assets of 277 million yuan; Non-performing non-credit assets accumulated over the years reached 265.438+0.7 billion yuan.
The sources of disposal funds include: the provincial government contributed 920 million yuan in monetary funds, the municipal government contributed 60 1 10,000 yuan, the new corporate shares were146 million yuan, and the former corporate shareholders of Taiwanese businessmen transferred their shares to new investors by 750 1 10,000 yuan.
At the same time as the replacement and disposal of non-performing assets, Taiwanese businessmen have made intensive capital increase and share expansion.
After the share reform, the registered capital of Taiwanese businessmen increased from 605 million yuan to 3.2 billion yuan, and the total share capital after raising was 23.9/kloc-0.0 billion yuan, of which the newly increased share capital was 654,380+78.7 million yuan.
The structure of newly-increased share capital after fundraising is as follows: Shanxi provincial government contributed 480 million yuan to subscribe for 480 million shares, accounting for 20.07%, and Taiyuan municipal government retained 320 million shares, accounting for 654.38+03.38%; According to the ratio of 1: 1.8, corporate shareholders newly increased its investment by 2.352 billion yuan, subscribed for new shares of 1.307 million shares, accounting for 54.64%, of which the premium contribution of 1.46 billion yuan was used to absorb the loss of non-performing assets, and the shares held by Taiyuan Municipal Government and former corporate shareholders were transferred to 6544. Retain the original corporate share capital of Taiyuan Commercial Bank by 0.52 1 100 million shares, accounting for 2.18%; Taiyuan Commercial Bank retained 79.44 million natural person shareholders, accounting for 3.32%.
Among the new legal person shareholders, Taiyuan Iron and Steel, Shanxi Coking Coal and other famous enterprises are on the list.