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Taian Bank

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Taian Bank
FormerlyTaian City Commercial Bank
Company typepublic private joint venture
IndustryFinancial services
Founded1986
Headquarters
Tai'an, Shandong
,
China
Number of locations
42 branches (2015)
ServicesRetail banking
RevenueIncrease CN¥01.369 billion (2015)
Increase CN¥00471 million (2015)
Increase CN¥00370 million (2015)
Total assetsIncrease CN¥52.749 billion (2015)
Total equityIncrease CN¥02.617 billion (2015)
Capital ratio8.78% (CET1)
Websitetaccb.com.cn
Footnotes / references
source[1]
Taian Bank
Simplified Chinese泰安银行
Traditional Chinese泰安銀行
Transcriptions

Bank of Taian Co., Ltd. trading as Taian Bank is a Chinese urban commercial bank based in Tai'an, Shandong Province.

The bank was formerly known as Taian City Commercial Bank. It was reported that the bank was linked to Tai'an-born Xiao Jianhua's Tomorrow Group, which "New Fortune" accused that Xiao owned some of the private investors of the bank by proxy person.[2] Those accused companies, did pledged the shares to private equity funds of New Times Securities (another firm that was accused as a member of Tomorrow Group). However, also pledged the shares to state-owned China Fortune Trust (and its private equity funds).

Tai'an Municipal People's Government owned 34.56% shares as the largest (known) shareholder consortium.

History

The predecessor of the bank was founded in 1986. On 16 August 2007 it became Taian City Commercial Bank and on 12 November 2015 became Taian Bank.[3]

Shareholders

Tai'an Finance Bureau-owned Taian Taishan Investment and its subsidiaries owned 30.01% shares of the bank as at 31 December 2012, while another city-owned company (Chinese: 泰安市商贸国有资产经营) owned an additional 6.25% shares. Puhua Investment, a company majority owned by a central-government enterprise and Taian Fund Investment & Guaranty (Chinese: 泰安市基金投资担保经营, a subsidiary of Taian Taishan Investment) at that time, owned 7.29% shares, making the state owned 43.55% shares in total.[4]

In 2013, Taian Fund Investment & Guaranty sold the shares (22.51%) to sister companies, as well as selling the stake in Puhua Investment to private investor in 2015, making Taian Government owned 34.56% shares in total in the bank (as at 31 December 2015). The stake was also diluted by the CN¥600 million capital increase (CN¥300 million share capital with CN¥1 nominal value and CN¥300 million share premium) in 2013–14, as only Taian Taishan Investment and its subsidiaries, a new investor Shandong Xinchazhuang Mining (Chinese: 山东新查庄矿业) for 37.49 million shares,[5][6] some existing private shareholders (Chinese: 山东中宸投资担保,[7] Tài'ānshì Tàishān Huáchéng Kējì, Tài'ān Rénréndá Kējì and Jǐnán Sānwàng Sùliào for 167.69 million shares) and employee subscribed the shares (4.79 million shares).[6]

As of 31 December 2015
top 10 shareholders
Rank Chinese name English name (if known) or pinyin Number of shares Ratio
1 Chinese: 泰安市泰山投资 Taian Taishan Investment 109.93 million 9.99%
Chinese: 泰安市泰山城市建设投资 Tài'ānshì Tàishān Chéngshì Jànshè Tóuzī
Chinese: 济南三望塑料 Jǐnán Sānwàng Sùliào
4 Chinese: 泰安市城市发展投资 Tài'ānshì Chéngshì Fāzhǎn Tóuzī 109.89 million 9.99%
5 Chinese: 泰安市泰山华城科技开发 Tài'ānshì Tàishān Huáchéng Kējì Kāifā 108.68 million 9.88%
6 Chinese: 泰安人仁达科技 Tài'ān Rénréndá Kējì 105.93 million 9.63%
7 Chinese: 山东宸中信息科技 Shāndōng Chénzhōng Xìnxī Kējì 83.55 million 7.60%
8 Chinese: 泰安市泰山祥盛技术开发 Tài'ānshì Tàishān Xiángshèng Jìshù Kāifā 78.50 million 7.14%
9 Chinese: 普华投资 Puhua Investment 58.31 million 5.30%
10 Chinese: 泰安市商贸国有资产经营 Tài'ānshì Shāngmào Guóyǒu Zīchǎn Jīngyíng 50.00 million 4.55%
Chinese: 泰山酒业集团 Tàishān Jiǔyè Jítuán
  • Note:
  • the joint-largest shareholder, Taian Taishan Investment was owned by Tai'an Government (via Tai'an Finance Bureau); Taian Taishan Investment is the parent company of another joint-largest shareholder (Chinese: 泰安市泰山城市建设投资), as well as the fourth (Chinese: 泰安市城市发展投资), making Taian Taishan Investment owned 29.97% stake of the bank; It was reported another subsidiary (Chinese: 泰安弘泽投资担保; renamed to Chinese: 泰安弘泽融资担保 in 2015[8]) owned 375,000 shares in 2015 or 0.03% shares[5][8]
  • another joint-largest shareholder, Jǐnán Sānwàng Sùliào had pledged 17.7 million shares to New Times Securities since December 2015[8] it was report that 24.6 million shares were pledged to a private equity fund of New Times Securities from October 2014[9] to October 2015
  • the 5th largest shareholder (Chinese: 泰安市泰山华城科技开发; pinyin: Tài'ānshì Tàishān Huáchéng Kējì Kāifā; lit. 'Tai'an Taishan Huacheng Technology Development'), was the second largest shareholder of Puhua Investment (9th shareholder of the bank) for 38.16% stake; the 99.67% shares of Tàishān Huáchéng Kējì had pledged to China Fortune Trust since May 2015[8] (a private equity fund of the trust company since 2016).[10]
  • the 6th largest shareholder Tài'ān Rénréndá Kējì, had pledged most of the shares (105.84 million) to China Fortune Trust since March 2015
  • the 7th largest shareholder (former name Chinese: 山东中宸投资担保) had pledged 40.9 million shares to New Times Securities since January 2017 (in 4 tranches)[8] It was reported most of the shares had pledged to 4 private equity funds of New Times Securities in October 2015 for 1-year.[11][12][13][14]
  • the 9th largest shareholder, Puhua Investment's largest shareholder was central-government owned Potevio (39.04%);[15] 57.82 million shares of the bank were pledged to China Fortune Trust since March 2015[8]
  • The 10th largest shareholder, (Chinese: 泰安市商贸国有资产经营) was owned by Tai'an Government (via Tai'an Municipal State-owned Assets Supervision and Administration Commission)[16]
  • other shareholders such as Shandong Xinchazhuang Mining had pledged all its shares (37.49 million) to Bohai International Trust since March 2016

References

  1. ^ "2015 Annual Report" (PDF) (in Chinese). Taian Bank. 29 April 2016. Retrieved 12 February 2017.
  2. ^ 明天系全图. New Fortune (in Chinese). 3 April 2013. Retrieved 12 February 2017.
  3. ^ 泰安银行简介 [about us] (in Chinese). Taian Bank. Retrieved 12 February 2017.
  4. ^ "2012 Annual Report" (PDF) (in Chinese). Taian Bank. 20 June 2013. Retrieved 12 February 2017.
  5. ^ a b "2013 Annual Report" (PDF) (in Chinese). Taian Bank. 26 May 2014. Retrieved 12 February 2017.
  6. ^ a b "2014 Annual Report" (PDF) (in Chinese). Taian Bank. 14 July 2015. Retrieved 12 February 2017.
  7. ^ 关于同意山东中宸投资担保有限公司增持泰安市商业银行股份有限公司股份的批复 (in Chinese). China Banking Regulatory Commission (Shandong Bureau). 4 April 2013. Retrieved 12 February 2017.
  8. ^ a b c d e f filings National Credit Information Publicity System (in Chinese)
  9. ^ 济南三望借道信托融资6600万 质押泰安商行2458万股. Hexun (in Chinese). 16 October 2014. Retrieved 12 February 2017.
  10. ^ 华鑫信托·鑫保47号集合资金信托计划 (in Chinese). China Fortune Investment Trust. 2016. Retrieved 10 February 2017.
  11. ^ 新信•【慧金895】非上市公司股权收益权投资集合资金信托计划 (PDF). New Times Securities (in Chinese). 多盈理财. 8 October 2015. Retrieved 12 February 2017.
  12. ^ 新时代-慧金896号 (in Chinese). 1caifu.com. 2015. Retrieved 12 February 2017.
  13. ^ 新时代-慧金897号 (in Chinese). shandongcaifu. 2015. Retrieved 12 February 2017.
  14. ^ 新时代-慧金898号 (in Chinese). shandongcaifu. 2015. Retrieved 12 February 2017.
  15. ^ 普华投资有限公司20%国有股权 (in Chinese). Shandong Property Rights Exchange Center. 2015. Retrieved 10 February 2017.
  16. ^ 关于公布泰安市人民政府国有资产监督管理委员会履行出资人职责企业名单的通知 (in Chinese). Tai'an Municipal People's Government. 11 April 2005. Retrieved 12 February 2017.
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