A month and a half after the official announcement,Shi Hongmin, Vice Chairman and President of Bank of Shanghai, was officially approved by the regulator
Former Vice President "Takes the Baton" He has worked in CCB for many years
January 30th, the State Administration of Financial Supervision and Administration of Shanghai Regulatory Bureau issued a reply on the approval of the qualifications of Shi Hongmin of the Bank of Shanghai, and approved the qualifications of Shi Hongmin as vice chairman and president of the Bank of Shanghai.
According to public information,Shi Hongmin was born in October 1968 and graduated from Tsinghua University with a master's degree in technology and economics。Judging from his personal resume, Shi Hongmin has rich experience in the banking industryHe has worked in China Construction Bank for a long timeHe successively served as China Construction BankFinance Division, Planning and Finance DepartmentDeputy Director,General OfficeDeputy Director, China Construction BankOffice of the Leading Group for Shareholding ReformDeputy Director of Finance Group, China Construction BankPolicy and System Division, Ministry of Planning and FinanceSenior Manager, China Construction BankThe first sub-branch of Shanghai BranchVice President, China Construction BankAccounting and Settlement Department of Credit Card CenterSenior Manager, China Construction BankCredit Card CenterMember of the Party Committee, Assistant to the General Manager and Deputy General Manager.
And Shi HongminHe has been with Bank of Shanghai since 2012August 2012, Shi HongminChief Financial Officer of Bank of ShanghaiQualifications are approved; July 2016, Shi HongminVice President of Bank of ShanghaiQualifications are approved; October 2018, Shi HongminDirector of Bank of ShanghaiQualifications are approved; According to the 2022 annual report, Shi Hongmin serves as Deputy Secretary of the Party Committee, Executive Director, Vice President and Chief Financial Officer of Bank of Shanghai.
According to public reports, during his tenure as vice president of the Bank of Shanghai, Shi HongminHe has been interested in the field of digital finance。In September 2020, Shi Hongmin said at the sub-forum of "Digital Finance for Better Urban Life" at the Bund Conference that Bank of Shanghai has taken digital transformation as the main line of its new three-year strategic plan. In June 2021, Shi Hongmin said that the deep integration of digital finance and the real economy will become an important way to promote high-quality development
It is worth mentioning that Shi Hongmin also servedShanghai Bank **Management***Director,Shanghai Shangcheng Consumer Finance Co., Ltd. ***Chairman,China UnionPay shares***Director,Tianyan check shows that Bank of Shanghai ** is 100% owned by Bank of Shanghai; Shangcheng Consumption is a holding subsidiary of Bank of Shanghai, which holds 38% of the shares.
Prior to this, the president and vice chairman of the Bank of Shanghai were all byZhu JianAs. Last yearOn December 7, Bank of Shanghai announced that the company's board of directors received Zhu Jian's resignation, and Zhu Jian returned to the "old club" Guotai Junan as chairman. After this personnel change, the leadership team of Bank of Shanghai includes: Chairman Jin Yu, President Shi Hongmin, and Vice Presidents Hu Debin and Wang Ming
Last year, it received sky-high fines and weak revenue in the third quarter
As much concern as the personnel changes, since 2023,Bank of Shanghai has frequently been subject to huge regulatory penalties due to internal control issues
In November last year, the lineDue to 32 violations of laws and regulationsReceived two fines from the Shanghai Supervision Bureau of the State Administration of Financial Supervision and AdministrationA total of 13.8 million yuan was finedIn April of the same year, Bank of ShanghaiDue to some violations of laws and regulations in the fields of foreign exchange settlement and sales, foreign currency wealth management, foreign loans under domestic guarantees, and foreign exchange market transactionswas given a warning, andA total of RMB 9,854 was imposed40,000 yuan。According to incomplete statistics from Beiqing Finance,So far in 2023, Bank of Shanghai and its branches have been fined more than 1100 million yuan.
In addition, in recent years, the performance of Bank of Shanghai has repeatedly "stalled", and the indicators such as asset scale, revenue, and net profit have been successively surpassed by Bank of Jiangsu and Bank of Ningbo, which are also in Jiangsu, Zhejiang and Shanghai.
, Bank of ShanghaiQ3 2023The report shows that during the reporting period, the bankThe operating income was 3927.3 billion yuan, a year-on-year decrease of 576%；Net profit attributable to the parent company 1734.5 billion yuan, a year-on-year increase of 103%
During the same period,Bank of JiangsuThe operating income was 5867.8 billion yuan, an increase of 9 percent year-on-year15%；Net profit 2565.4 billion yuan, an increase of 25 percent year-on-year21%。Bank of NingboThe operating income was 4723.5 billion yuan, a year-on-year increase of 545%；Net profit 1934.9 billion yuan, a year-on-year increase of 1255%，In terms of operating capacity, both banks crushed Bank of Shanghai
In fact,Before 2021, Bank of Shanghai ranked second among listed city commercial banks in terms of assets, second only to Bank of Beijing；After 2021, Bank of Jiangsu successfully carried forward, and Bank of Shanghai's second position was not guaranteed; In addition,Bank of Ningbo has also gradually succeeded in catching up with Bank of Shanghai in terms of revenue and net profit, and the gap is still wideningThere is a risk that the Bank of Shanghai's ranking will slip further.
Specifically, Bank of Shanghai's revenue growth was sluggish, mainly because:This was due to a decrease in net fee and commission income and net interest income。The performance report for the third quarter of 2023 shows that as of the end of September, Bank of ShanghaiNet interest income was 2724.6 billion yuan, down 7 percent year-on-year26%；Fee and commission income391.7 billion yuan, down 2337%；Net interest margin decreased to 126%
According to the latest data from the State Administration of Financial Supervision and Administration, in the third quarter of this year, the net interest margin of commercial banks was 173%。This means:Bank of Shanghai's net interest margin is 0.0 below the industry level47 percentage points
In terms of asset quality,As of the end of September, the bank's non-performing loan ratio was 121%。In fact, the extended dimension of time can be found sinceStarted in 2019, Bank of ShanghaiThe non-performing loan ratio began to rise year by year, respectivelyIt is not until 2023 that this indicator will decline - the non-performing ratio of Bank of Shanghai at the end of the third quarter was 121%, down 4 bps from the beginning of the year.
In terms of provision coverage ratio,In the first three quarters of last year, the bank's provision coverage ratio was 29002%, down 1. from the end of the previous year59 percentage points. The same can be found,From 2019 to 2022, Bank of Shanghai's provision coverage ratios were: 61%, showing a downward trend in the past four years
There are all kinds of signs that the Bank of Shanghai is still in the throes of transformation, for the new leadershipHow to improve asset quality and reconstruct business growth pointsIt is an urgent problem for the bank to solve.