Bank of Zhengzhou

Bank of Zhengzhou is a Chinese commercial bank based in Zhengzhou, Henan Province. According to the bank's official website, it was established in 1996, listed on the Hong Kong Stock Exchange in December 2015, and listed in Shenzhen in September 2018. Chinese Wikipedia describes it as a city commercial bank located in Zhengzhou, Henan Province, controlled by provincial and municipal governments and aimed at promoting local economic development.

Bank of Zhengzhou was founded in 1996, according to its official profile. It developed as a city commercial bank based in Zhengzhou, Henan Province, and is described as controlled by provincial and municipal government shareholders with a mandate to promote local economic development. A major turning point came in December 2015, when the bank listed on the Hong Kong Stock Exchange. This gave it access to international capital markets and raised its profile among Chinese city commercial banks. In September 2018, it completed a second listing on the Shenzhen Stock Exchange, making it a dual-listed bank. Over the following years, Bank of Zhengzhou broadened its product range. Its corporate and institutional business expanded to include cash management, working-capital and fixed-asset lending, urban-renewal and rental-housing loans, industrial-park construction loans, income-property and real-estate development loans, domestic guarantees, entrusted loans, bank acceptance bills, domestic trade finance, factoring, letters of credit and forfaiting, cross-border finance, and FX settlement. It also built agency platforms for government treasury centralized payments, non-tax revenue collection, housing provident fund settlement, social-security and medical-insurance bank connections, and court-related fund supervision. On the retail side, the bank developed savings and deposit products, large-denomination certificates of deposit, consumer finance including first- and second-hand home mortgages, wealth management and fund supermarkets, and the 商鼎卡 (Shangding Card) debit-card family. Its credit-card lineup grew to include the 骐骥 (Qiji) series, the 万事兴龍 card, the 巳喜 series, the 爱家 card, and a rural-revitalization card, along with installment products such as 郑乐分 and 郑享金. The bank also introduced science-and-technology finance products organized by company growth stage, from seed-stage equity-linked and talent loans through growth-stage technology and intellectual-property pledge loans, maturity-stage R&D and specialized-SME loans, and expansion-stage pre-IPO loans. Its financial-markets business covers interbank lending and deposits, bond underwriting, distribution and trading, bond repurchase and lending, foreign exchange spot, swap and forward, interest-rate swaps, and bill rediscount and acceptance discounting. Bank of Zhengzhou maintains investor-relations disclosures including company announcements, circulars, financial summaries and reports, and corporate governance information. It also operates a postdoctoral research workstation. Recent public announcements have covered residential home-purchase loan interest subsidies, extended large-payment system operating hours, the cessation of Visa credit-card services, disaster-recovery system drills, and system upgrades affecting credit-card services.

• 2018

  Lists on the Shenzhen Stock Exchange in September, becoming dual-listed.

• 2015

  Lists on the Hong Kong Stock Exchange in December.

• 1996

  Bank of Zhengzhou is founded.

• Corporate cash management and deposits

  Cash management, unit settlement cards, demand and time deposits for corporate clients.

• Working-capital and fixed-asset loans

  Corporate lending including working-capital loans, fixed-asset loans and overdrafts.

• Urban-renewal and rental-housing loans

  Loans for urban renewal, rental housing, industrial-park construction, income property and real-estate development.

• Domestic trade finance and factoring

  Commercial-bill financing, domestic factoring, prepayment financing, asset pools, domestic letters of credit and forfaiting.

• Cross-border finance

  Import and export business, cross-border guarantees, spot FX settlement and corporate cross-border remittance.

• Institutional agency services

  Agency platforms for government treasury payments, non-tax revenue collection, housing provident fund settlement, social-security and medical-insurance connections, and court fund supervision.

• Investment banking

  Syndicated loans, M&A loans, credit-bond investment, matchmaking and debt-financing instrument underwriting.

• Wealth management

  Agency sales of wealth-management products, funds, asset-management plans, trusts, insurance and precious metals, plus proprietary wealth-management disclosures.

• 商鼎卡 (Shangding Card) debit cards

  Debit-card family including trade-union member cards, rural-revitalization themed cards, metro-themed debit cards, zodiac cards, and cards for specific customer segments.

• Credit cards

  Credit-card lineup including the 骐骥 (Qiji) series, 万事兴龍 card, 巳喜 series, 爱家 card and rural-revitalization card, with installment products 郑乐分 and 郑享金.

• Science-and-technology finance

  Staged lending products from seed-stage equity-linked and talent loans to growth-stage technology and IP pledge loans, maturity-stage R&D and specialized-SME loans, and expansion-stage pre-IPO loans.

• Financial markets

  Interbank business, bond underwriting, distribution and trading, FX and derivatives, and bill rediscount and acceptance discounting.

• 2022

  Six Branches Penalized a Combined 2.95 Million Yuan for Loan and Mortgage Violations

  In March 2022, the Henan Banking and Insurance Regulatory Bureau published eight penalty notices against six branches of Bank of Zhengzhou, covering the misuse of loans, the use of loans to pay land transfer fees, and mortgages based on false down payments; the institutions were fined a combined 2.95 million yuan.

  Source

Read more

1. 1郑州银行官方网站zzbank.cn
2. 2郑州银行-我行简介zzbank.cn
3. 3Wikidata: Bank of Zhengzhouwikidata.org
4. 4维基百科：郑州银行zh.wikipedia.org
5. 5郑州银行-工作站简介zzbank.cn
6. 6我行简介zzbank.cn
7. 7Six Branches Penalized a Combined 2.95 Million Yuan for Loan and Mortgage Violationshn.cnr.cn