Hunan * private bank landed Sany Group initiated Sanxiang Bank was officially approved

On the evening of August 1, Sany Heavy Industry announced that the China Banking Regulatory Commission agreed to approve the establishment of Hunan Sanxiang Bank, and the bank category is private bank. This means that after the official opening of the second batch of private banks, Hunan Sanxiang Bank became the third approved private bank after Chongqing Fumin Bank and Sichuan Hope Bank.

Recently, 5,656 private banks in the central region were officially approved. According to a new announcement issued by Sany Heavy Industry*, an A-share listed company, the China Banking Regulatory Commission recently approved the establishment of Hunan Sanxiang Bank in Changsha City, Hunan Province, with a private bank category, and the preparatory work will be completed within 6 months from the date of approval.

According to the announcement, Sanxiang Bank was initiated and established by a number of local enterprises in Hunan such as Sany Group, Sany Intelligence, Hanson Pharmaceutical (17.100, 0.05, 0.29%), and Xinren Aluminum, with a registered capital of 3 billion yuan. Among them, Sany Intelligence, a wholly-owned subsidiary of Sany Group, plans to invest 360 million yuan, with a shareholding ratio of 12%.

The reporter learned that in 2015, the first batch of five pilot private banks all opened, and the overall operation was stable. At present, the establishment of private banks has entered a stage of normalized development. Sanxiang Bank is the third private bank approved this year after Chongqing Fumin Bank and Sichuan Hope Bank, and it is also the first private bank in the six central provinces.

Zeng Gang, director of the Banking Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, believes that the current enthusiasm of private enterprises to apply for the establishment of banks is high, on the one hand, because these enterprises have a lot of funds, and the financial industry is a good investment direction; On the other hand, many enterprises hope to provide better services for upstream and downstream enterprises in the supply chain by extending their layout to the financial field.

According to the positioning of Sanxiang Bank, this private bank will be an "industrial bank" with the goal of serving the transformation and upgrading of China's manufacturing industry and a "retail bank" relying on Internet information technology.

"The construction machinery industry is inherently linked to finance." The relevant person in charge of Sany Heavy Industry (5.280, -0.03, -0.56%) told reporters that construction machinery and equipment are mainly sold through bank mortgages, financial leasing and other methods, which are inseparable from financial support. Sany Heavy Industry's "big data platform" connects 200,000 devices, based on the Internet and big data, it can provide small and real-time loans to equipment owners and innovate in industrial chain finance.