Halo on the head, Fujian Huatong Bank has come to the forefront!
Since the pilot in 2014, the team of private banks has gradually grown from 1 to 19, and Huatong Bank from Fujian is one of them.
With increasingly strict supervision, the scale and performance development of private banks' assets are gradually stratified.
Recently, the "2022 China Banking Association Top 100 List of Banking " released by shows that some banks such as Fujian Huatong Bank have experienced a dilemma of asset shrinkage.
3rd tier member profit bottom
private banking industry has shown a differentiation trend.
According to the data, in 2021, the total asset scale of 19 private banks reached 1.64 trillion yuan, which is comparable to that of a leading city commercial bank.
As of the end of last year, the total assets of 8 city commercial banks exceeded 1 trillion yuan. In terms of size, as of the end of last year, WeBank , Online Merchant Bank , and Suning Bank were three private banks with assets exceeding 100 billion yuan, and WeBank ranked first with 438.748 billion yuan.
was established in January 2017 with a registered capital of RMB 2.4 billion. It is currently in the third echelon of private banks. Its core business frameworks are consumer finance, inclusive finance, supply chain finance, online finance stocks, and financial markets.
It is worth noting that Huatong Bank experienced a decline in revenue and net profit in 2021, achieving operating income of 313 million yuan, a year-on-year decrease of 36.34%, and its net profit decreased by about 50%. The net profit of 5.17 million yuan ranked last among 19 private banks, and has suffered losses for three consecutive years.
In addition, Huatong Bank's assets and liabilities both "shrinked" at the end of 2021, with total assets down 18.44% from the end of the previous year to 18.434 billion yuan, and total liabilities down 20.41% from the end of the previous year to 16.241 billion yuan.
Huatong Bank's annual report shows that from the perspective of business composition, net interest income for deposits and loans is the main source of its income and profits, and net interest income fell by about 26% compared with 2020. At the same time, as of the end of 2021, the bank's net income from handling fees and commissions was still negative, and compared with 2020, the negative value further expanded.
At the end of 2021, Huatong Bank absorbed 11.57 billion yuan in deposits, a decrease of 19.88% from the end of last year; loans and advances were issued 8.633 billion yuan, a decrease of 29.44% from the end of last year.
cash flow statement shows that the net cash flow generated by Fujian Huatong Bank's operating activities in 2021 turned from positive to negative to -1.65 billion yuan, a decrease of 147.66%.
shareholders are 8 Fujian-born enterprises
Fujian Huatong Bank has its own halo and is the first private bank in Fujian Province to be approved for opening.
Huatong Bank was jointly initiated and established by 8 Fujian private enterprises. Its registered location is located in the Pingtan area of the China (Fujian) Free Trade Pilot Zone.
As the third private bank that fully adopts distributed Internet technology after Shenzhen Qianhai WeBank and Zhejiang Online Merchants Bank , it was the third private bank that fully adopts distributed Internet technology. At the beginning of its establishment, Huatong Bank determined the strategic positioning of "technology finance, helping the micro-benefiting the people", and proposed the "financial-oriented, Internet-based" business model, creating a new Internet bank with "online services as the main and offline experience as the auxiliary", and providing financial services to customers through mobile Internet media.
Qichacha shows that its major shareholders have a lot of background. The first and second largest shareholders are Yonghui Supermarket and Sunshine Holdings . The two hold in total more than 50%, and they are also the original initiated shareholders of Huatong Bank.
It is reported that Huatong Bank suffered twists and turns during its establishment. Before its establishment, Yongrong Holdings and Taihe Group's subsidiary Fuzhou Zhongwei suddenly withdrew its investment. Fortunately, the other shareholders continued to stick to it, including Fujian Xingheng Investment, Provincial Xintong Investment Group, Sankeshu Paint , Panpan Biotechnology, Sansheng Real Estate, Shengnong Food, etc.
In addition to the performance pressure, Fujian Huatong Bank has also replaced senior executives many times. When
was first established, the senior management team of Huatong Bank was luxurious. Chen Dekang, former deputy president of Industrial Bank , served as the chairman of Fujian Huatong Bank, Zheng Xinlin, former deputy president of WeBank and former general manager of Industrial Bank interbank business department, served as the president, and Tang Xiaoqing, former deputy president of China Merchants Bank , served as the chairman.
Banking and Insurance Regulatory Commission website shows that on November 22, 2021, the Fujian Banking and Insurance Regulatory Bureau approved the qualifications of the bank's president Wang Yu, who is the third president since the bank's opening. His previous public resume was mainly at Industrial Bank.
In June 2018, Li Chao, the second president of Huatong Bank, was approved to take office. The aforementioned first president Zheng Xinlin joined the Minshang Fund in early 2020.
complaints in the first quarter dominated the list
For Fujian Huatong Bank, it is no wonder that the industry is angry at it.
Huatong Bank has stated that it will base itself on Fujian, relying on the advantages of the superposition of Pingtan Comprehensive Pilot Zone, Free Trade Pilot Zone and the "double zone and one island" of international tourism, deeply combine the operating characteristics of shareholder units and their resource advantages in supply chain, agriculture, property, big data, etc., make full use of the Internet, and use big data analysis and other technological means to provide services to small and micro enterprises, the "three rural areas", community residents and consumers.
According to the regulations of the China Banking Regulatory Commission, private banks must implement the "one bank, one store" model, that is, only one business department can be set up in the city where the head office is located, and they cannot cross regions.
Private banks like Fujian Huatong Bank have only been newly opened for a few years, and have no outlet coverage, and insufficient product development capabilities. Compared with WeBank and Ant-Commerce Bank, which have achieved excellent results, which obviously cannot simply copy their models.
plus in this context, the pressure of private banks to acquire customers doubles, which is very likely to lead to business actions deformation and even violations.
htmlOn June 20, the Fujian Regulatory Bureau of the China Banking and Insurance Regulatory Commission reported on the complaints about banking consumption in the first quarter of 2022.
In the first quarter, the bureau system forwarded a total of 605 consumer complaints in the banking industry, of which Fujian Huatong Bank had the largest number of complaints, up to 66, accounting for 10.9% of the total complaints.
Obviously, in addition to poor performance, Fujian Huatong Bank has become increasingly farther away from its original intention of serving small and micro enterprises, the "three rural areas", community residents and consumers.
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