On March 1 day, Bank of Hangzhou announced that it agreed that Commonwealth Bank of Australia would transfer 297 million shares to Hangzhou Urban Construction Investment Group Co., Ltd. and Hangzhou Communications Investment Group Co., Ltd. at a price of RMB 13.94 per share, accounting for 594 million shares. After calculation, the Commonwealth Bank of Australia will directly cash out 8.3 billion yuan.
It is worth noting that after the equity transfer, the number of shares held by Commonwealth Bank of Australia will be reduced to 330 million shares, and the shareholding ratio will also be reduced from 15.57% to 5.56%. The top five shareholders of Hangzhou Bank will also have great changes. Hangzhou Finance Bureau was promoted to the largest shareholder with the same equity, and Commonwealth Bank of Australia became the fourth largest shareholder. Hangzhou Urban Construction Investment Group Co., Ltd. and Hangzhou Transportation Investment Group Co., Ltd. are the fifth largest shareholders.
It is reported that Hangzhou Urban Construction Investment Group Co., Ltd. and Hangzhou Transportation Investment Group Co., Ltd. are municipal state-owned enterprises. After the Commonwealth Bank of Australia reduced its holdings, four of the top five shareholders were state-owned. In the future, the cooperation between banks and securities companies is expected to be closer, which will not only bring about the injection of resources, but also be conducive to the expansion of assets and the absorption of low-interest liabilities.
Why do foreign shareholders want to reduce their shares on a large scale? Yu Min, an analyst at Minsheng Securities, said, "Due to the slowdown in Australia's economic growth, CBA's operating pressure has increased, and it will focus on local banking in Australia and New Zealand in the future."
Will changes in equity affect the transaction this time? Qiu, an analyst at Zheshang Securities, said that CBA's transfer of 5% shares to Hang Cheng's two major state-owned assets agreements, that is, signing the transfer agreement through the counter, will not affect the circulation transaction. In addition, because Commonwealth Bank of Australia promised that the remaining 5.56% equity will be locked for three years, the equity is expected to remain stable.
In addition to Commonwealth Bank of Australia, among the top ten shareholders, China Life Insurance and Pacific Life Insurance are frequent customers in reducing their shares. On February 2 1 day, Pacific Life intends to reduce its holdings of Hangzhou Bank by centralized bidding or block trading within 6 months after the announcement of the reduction plan, with a total of no more than1.1800 million shares (inclusive), that is, no more than 1.99% of the total common share capital of the bank. Before the reduction, Pacific Life's shareholding ratio was 3.97%, making it the seventh largest shareholder of the bank.
In addition, as of 202 1, 1 1, China Life's shareholding ratio also decreased from 4.80% to 3.86%.
Skycheck shows that Hangzhou Bank was established in September 1996 and listed on the main board of Shanghai Stock Exchange on October 20 161October 27. In 20 19, the bank also initiated the establishment of Yin Hang Wealth Management Co., Ltd., initiated the establishment of Yin Hang Consumer Finance Co., Ltd. and invested in Shizuishan Bank Co., Ltd.
According to the report of the third quarter, by the end of September, 20021,the assets of Hangzhou Bank had reached 133003 1 billion yuan, a year-on-year increase of 19.7%. The annual report shows that the bank's asset scale has expanded year by year, but the growth rate is in the shape of a smile curve, with a slight decline since 20 16 and a slow growth since 20 18. The data shows that from 20 16 to 2020, the asset growth rate of Hangzhou Bank is 32. 1%, 15.7%, 10.5%,1.2%,/respectively.
Loans and advances occupy an important position in total assets, and the substantial increase of Hangzhou Bank's assets is closely related to the increase of loans. According to the annual report, by the end of September 20021,the bank's total loans had increased from 246.6 billion yuan in 200216 to 563.5 billion yuan, an increase of 12856438+0%. Among them, corporate loans account for more than 60% of the total loans.
However, the rapid expansion of the loan scale has also buried hidden dangers. At the beginning of 2023, Hangzhou Bank Shenzhen Branch was fined 3 million yuan for failing to conduct due diligence and misappropriating loan funds before lending. At the same time, Ye Liuwei, a staff member of the bank, was also fined 80,000 yuan.
Combing the tickets of this bank, it is found that from 2020 to now, this bank has received 8 tickets, with a total fine of12.28 million yuan. Among them, the fines in 2020 and 20021year were 3.65 million yuan and 4.75 million yuan respectively.
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