BAOSHANG BANK CO.,LTD(bao shang yin hang gu fen you xian gong si )

Contractor Bank Co., Ltd

Bao Shang Bank Limited (hereinafter referred to as Bao Shang bank) was established with the approval of the people's Bank of China on December 28, 1998, formerly known as Baotou commercial bank. It was renamed Bao Shang bank with the approval of China Banking Regulatory Commission on September 28, 2007, and became a regional joint-stock commercial bank with its headquarters in Baotou city.

On May 24, 2019, in accordance with relevant laws and regulations, the people's Bank of China, the Insurance Regulatory Commission of the Bank of China, together with relevant parties, set up a takeover team to take over the Contractor's Bank. On May 23, 2020, the central bank issued a notice on extending the takeover period of Baoshang Bank Co., Ltd. for six months from May 24, 2020 to November 23, 2020. On August 6, 2020, the central bank issued the second quarter of 2020 China's monetary policy implementation report, saying that Baoshang bank would be filed for bankruptcy. On November 11, 2020, the Baoshang Bank received the notice on determining that the Baoshang bank is unable to survive triggering event from the central bank and the CIRC, and the central bank and the CIRC confirmed that the bank has occurred "unable to survive triggering event".

On November 12, 2020, the CIRC agreed in principle that the contractor bank would enter into bankruptcy proceedings. On February 7, 2021, Baoshang bank was ruled bankrupt.

development history

Bao Shang Bank Limited, established in December 1998, is the first joint-stock commercial bank in Inner Mongolia Autonomous Region, formerly known as Baotou commercial bank. In September 2007, it was renamed Bao Shang bank with the approval of China Banking Regulatory Commission. As of December 1, 2012, Baoshang bank has set up 16 branches in Chifeng, Bayannaoer, Tongliao, Xing'an League, Ningbo, Shenzhen, Chengdu, Hohhot, Ulanqab, Beijing, Ordos, Xilinguole, Hulunbeier, Wuhai and Alxa League, with a total of more than 130 business outlets and 8646 employees (August 2013). In addition, it has also set up Damao Banner contractor Huinong loan company and initiated the establishment of 27 village banks, including Beijing Changping, Tianjin Jinnan, Dalian Jinzhou, Hunan Wugang, Shandong juancheng and Jiangsu Nantong. These institutions provide fast and convenient formal financial service support for the local farmers and herdsmen, and make positive contributions to the support of local economic development and the prosperity of the majority of residents and the construction of new socialist countryside. By the end of 2012, the total assets had reached 202.2 billion yuan, the balance of various deposits was 118.4 billion yuan, and the balance of various loans was 54.5 billion yuan; the balance of five level non-performing loans was 504 million yuan, and the non-performing rate was 0.93%.

Baoshang bank is one of the first batch of seven urban commercial banks with the lowest risk (i.e. grade II) assessed by China Banking Regulatory Commission. In recent years, the regulatory risk rating has always maintained at grade II level. In 2011, chairman Li Zhenxi won the "2011cctv China economic person of the year" annual public welfare award; in 2012, he won the honorary title of "China corporate culture leader" and "social responsibility Leader Award"; Baoshang bank won the "banker's" third place in the competitiveness of China's City Commercial Banks (with assets of more than 100 billion) in 2011 "and" 2011 best small and micro businesses " The two awards of "enterprise financial service city commercial bank" were jointly awarded the honorary title of "2011 national top ten commercial banks supporting the development of small and medium-sized enterprises" by China Association of small and medium-sized commercial enterprises and organizing committee of China Annual Meeting of small and medium-sized entrepreneurs.

In 2011, he was awarded the title of "national civilized unit" by the Central Committee of civilization, won the "Best Corporate Social Responsibility Award" by the "banker" magazine and the Organizing Committee of China Financial Marketing Award, won the "2010 China's best SME Service Bank" jointly issued by the Organizing Committee of the 7th China financial (experts) annual meeting, China Academy of Finance and China financial network, and won the "2011 Annual Award" In 2012, it won the honor of "top 10 commercial banks for supporting the development of small and medium-sized enterprises" and "top 10 units for brand culture management of Chinese enterprises". CCTV news, dialogue, economic half-hour and other programs, as well as people's daily, economic daily, Guangming Daily, people's net, Xinhua news agency and other media have repeatedly reported in-depth on the financial services of small and micro enterprises of the contractor bank.

Development History

Since its establishment, Baoshang bank has adhered to the corporate spirit of "learning, innovation, integrity and development". According to the market positioning and customer segmentation of "the majority of residents are basic customers, small and medium-sized enterprises are core customers, large enterprises are high-end customers, and government projects are key customers", through the establishment of "racing mechanism", it has implemented "barrier free management, barrier free service and index free assessment" The "three noes" management of Baotou City has continuously improved the management level, promoted the rapid development of various businesses, achieved substantial growth in asset scale and operating efficiency for ten consecutive years, and has become the excellent performance of Baotou City as a large taxpayer.

With the continuous improvement of the management level and the rapid development of various businesses, the contractor bank has greatly improved its core competitiveness, which has been unanimously affirmed and praised by all sectors of the society.

In 2003, it successfully passed the ISO9001:2000 international quality standard management system certification;

In 2004, it was identified as one of the first batch of 32 city commercial banks to disclose public information by CBRC;

In 2005, he was awarded the "best performance award of financial work of the whole region in 2005" by the people's Government of Inner Mongolia Autonomous Region

In 2006 and 2007, it was awarded the "outstanding contribution award of regional financial development" by the people's Government of Inner Mongolia Autonomous Region; it was awarded the "national advanced unit of small enterprise loan work" by China Banking Regulatory Commission; it is one of the only seven secondary banks with regulatory rating in China's City Commercial Banks; it ranks seventh in the comprehensive competitiveness of the "banker" in China's city commercial banks, and first in the western city commercial banks, and it ranks third in China's city commercial banks It is the fifth largest city commercial bank.

In 2008, it was rated as "the top ten commercial banks supporting the development of small and medium-sized enterprises in 2008" by China Association of small and medium-sized commercial enterprises, as well as the national advanced unit of spiritual civilization construction and the demonstration base of enterprise culture construction in the autonomous region. People's daily, CCTV, financial times, Hong Kong Phoenix Satellite TV and other major media gave full coverage and high praise to the small enterprise loan and rural financial work of the contractor bank, as well as the practice of "building a good international bank", which caused positive repercussions.

In 2009, Baoshang bank was selected as the most influential small and medium-sized bank in China in 2008 by the Organizing Committee of the 5th annual meeting of China financial experts, China Academy of Finance and China financial network.

According to the voice of China's CCTV news at 13:46, Banker magazine released the "2010 competitiveness evaluation report of China's commercial banks" in Beijing today. In the ranking of city commercial banks, Baoshang bank won two Honors: "the best city commercial bank in 2009" and "the first competitiveness of large city commercial banks in China in 2009". In 2010, Baoshang bank won the "financial quality service award" of the people's Government of Inner Mongolia Autonomous Region, was rated as "the best city commercial bank" by Banker magazine, won the first place in the competitiveness of large city commercial banks in China, was rated as the 10th Asian bank by Asian Banker magazine, and was rated as "China's top ten best city commercial banks in 2010" by financial weekly.

On September 20, 2018, Baoshang bank issued a statement on the national Internet Financial Registration and disclosure service platform of China Mutual Financial Association, indicating that it has passed the evaluation of the individual online lending fund depository system (the "white list" of P2P online lending institutions' depository banks).

Since May 24, 2019, Baoshang bank will be taken over. In view of the serious credit risk of Baoshang Bank Co., Ltd. (hereinafter referred to as Baoshang bank), in order to protect the legitimate rights and interests of depositors and other customers, in accordance with the relevant provisions of the law of the people's Republic of China on the people's Bank of China, the law of the people's Republic of China on banking supervision and administration, and the law of the people's Republic of China on commercial banks, Baoshang Bank Co., Ltd The Bank of China Insurance Regulatory Commission decided to take over the Contractor's Bank from May 24, 2019 for a period of one year, from May 24, 2019 to May 23, 2020.

On May 23, 2020, the people's Bank of China issued an announcement on extending the take over period of Baoshang Bank Co., Ltd. according to Article 67 of the commercial bank law of the people's Republic of China and with the approval of the Insurance Regulatory Commission of the Bank of China, the take over period of Baoshang bank will be extended for six months from May 24, 2020 to November 23, 2020.

On August 6, 2020, the central bank issued the second quarter of 2020 China's monetary policy implementation report, saying that Baoshang bank would be filed for bankruptcy.

On November 12, 2020, according to the request for instructions on the bankruptcy application of Baoshang Bank Co., Ltd. (Baoshang takeover group [2020] No. 26), the CIRC agreed in principle that Baoshang bank would enter into the bankruptcy proceedings.

Enterprise characteristics

Small business credit business. In 2005, Baoshang bank took the lead in introducing international advanced micro enterprise credit technology and successful experience, and has 92 branches in Baotou, Hohhot, Chifeng, Tongliao, Bayannaoer, Ordos, Ulanqab, Xilinguole, Hulunbeier and Xing'an League, as well as four branches outside Ningbo, Shenzhen, Chengdu and Beijing Micro enterprise credit business.

As a worldwide problem, small business loan is hard to be known, and its difficulty is very serious

Chinese PinYin : Bao Shang Yin Hang Gu Fen You Xian Gong Si