Jiangsu Changshu Rural Commercial Bank Co.,Ltd

Jiangsu Changshu Rural Commercial Bank Co., Ltd

Jiangsu Changshu Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Changshu rural commercial bank") was restructured and established on November 28, 2001. It is a joint-stock rural financial institution with a history of more than 60 years and one of the first batch in China. It was listed on Shanghai Stock Exchange on September 30, 2016 (Stock Code: 601128).

According to the "banking 500 2020" released by brand finance, a British brand evaluation agency, Changshu Rural Commercial Bank ranks 462nd among the global top 500 banks in terms of brand value.

Company profile

On the reform of rural finance

Adhering to the exploration spirit of "dare to explore, dare to test and dare to do", we have realized the transformation from taking root in Changshu to distributing the whole province and radiating the whole country. In 2008, we went out of the registered place to carry out cross regional operation, established the first non local branch in Haimen, Jiangsu Province, and now has 10 prefecture level cities in Jiangsu Province. At the same time, we have introduced a large state-owned bank, Bank of communications, as a strategic investor and become the largest shareholder.

Inclusive Finance Practice

In 2009, we set up a small and micro loan specialized institution under the business division system to create specialized, reproducible and characteristic core technology of micro loan to serve the growth and development of a large number of small and micro business owners. Of the total loans, 65% of the credit funds are used to support small and micro enterprises, over 70% of the credit funds are invested in agriculture related fields, and nearly 80% of the credit funds serve the real economy.

The tide of capital market

Benefiting from the differentiated market positioning, since its listing, the profit growth rate, non-performing loan ratio, provision coverage rate and other indicators of Changshu rural commercial bank have remained in the forefront of the listed banks, and the stock valuation level has ranked in the forefront of the industry. In the "top" evaluation system of China Banking Association in 2018, the comprehensive score and corporate governance single item ranked first among county-level rural commercial banks.

Twelve years of hard work in the field of rural banks

Based on the exploration and practice of Inclusive Finance, relying on the initiation of the establishment of rural banks, we copy and promote the "micro credit mode of rural business". In Hubei, Jiangsu, Henan and Yunnan provinces, 30 "Xingfu" rural banks were established. On September 19, 2019, Xingfu Rural Bank Co., Ltd., the first investment management Rural Bank in China initiated by Changshu rural commercial bank, officially opened in Haikou City, Hainan Province.

Jiangsu Changshu rural commercial bank ushered in a new chairman and president.

Related information

Changshu bank released the performance express: the net profit in 2020 will be RMB 1.803 billion, with a year-on-year growth of 1.01%.