Wenzhou Civil and Commercial Bank is a banking institution that provides financial services for small and micro enterprises in Wenzhou, and it is the first in Zhejiang Province since the implementation of the pilot policy for private banks. After opening, the bank will focus on Wenzhou's economic characteristics, take root in Wenzhou market, give full play to its own advantages, and actively provide high-quality financial services to small and micro enterprise customers.
It is understood that Wenzhou Civil and Commercial Bank has a number of listed companies. "Shareholders are involved in electrical appliances, spandex, shoes and clothing, optical fiber, composite materials, machinery and other industries. They are familiar with the local market and know the credit level and operating conditions of the target customers very well. They can establish a stable cooperative relationship with small and medium-sized enterprises, which will help prevent loan risks. " Xu, head of the preparatory group of Wenzhou Civil and Commercial Bank, said.
The reply of Zhejiang Banking Regulatory Bureau includes the name, domicile and business premises, registered capital and business scope of the institution. Among them, the name of the organization is Wenzhou Civil and Commercial Bank Co., Ltd., with a registered capital of 2 billion yuan. The business scope includes absorbing RMB deposits; Issuing RMB loans; Handle domestic settlement and bills, bonds, bank cards and other businesses.
The CBRC also approved Nan Cunhui as the chairman of Wenzhou Civil and Commercial Bank. Nan Cunhui is a member of the Chinese People's Political Consultative Conference, chairman of Zheng Tai Group, and a major shareholder of the Civil and Commercial Bank. Hou Niandong served as the president of Wenzhou Civil and Commercial Bank. Hou Niandong was the vice president of China Industrial and Commercial Bank Zhejiang Branch and the president of Wenzhou Branch.
The first five pilot private banks have different positioning and characteristics. Shenzhen Qianhai Weizhong Bank focuses on serving individual consumers and small and micro enterprises; Wenzhou Civil and Commercial Bank is positioned to provide inclusive finance services mainly for small and micro enterprises, individual industrial and commercial households, community residents and "agriculture, rural areas and farmers" in Wenzhou. Tianjin Jincheng Bank will focus on developing corporate business in Tianjin; China UBS will form an exclusive financial product and service system in the Free Trade Zone, covering "settlement, investment, financing and trading" to provide financing services for SMEs; Zhejiang Online Merchant Bank will adhere to the business model of small deposits and small loans, mainly to meet the investment and financing needs of small and micro enterprises and individual consumers. Specifically, it mainly provides deposit products below 200,000 yuan and loan products below 5 million yuan.
Experts predict that private banks will not have the competitiveness to attack large state-owned banks in a short time, and it will take at least three to five years to form. The supervision department will supervise the finance and directors of private banks to effectively prevent related party transactions.