Shandong Zhaoyuan Jianxin Rural Bank Co., Ltd. was renamed as Shandong Zhaoyuan Bank of China Fudeng Rural Bank Co., Ltd.
BOC Fullerton was established in 2011 by the Bank of China and Fullerton Financial Holdings, a subsidiary of Temasek, Singapore. As of the end of June 2018, Bank of China had established nearly 100 rural bank legal entities in the county, accounting for the total number of rural banks initiated by all large banks. 72%, becoming the village bank with the largest number of domestic institutions and the widest geographic coverage.
In March last year, China Development Bank listed the equity of its 15 rural banks on the Gold Exchange, which was eventually won by Bank of China and Singapore's Temasek's Fullerton Financial Holdings for a total of 1.087 billion yuan, of which Bank of China contributed about 978 million yuan. This is the first state-owned financial company to publicly list and transfer the equity of several rural banks held by it on the trading platform.
Of the 27 rural banks involved in this transaction, CCB holds 51% of the shares of 24 rural banks. The largest shareholding is Shanghai Pudong CCB Rural Bank, and CCB holds 60%, and the lowest shareholding is Zhejiang Cangnan Jianxin Village Bank is 35%. From the listed price, the price of a single target is between 21.66653 million yuan and 138.7 million yuan. 8 are located in Zhejiang Province, 6 are located in Jiangsu Province, and Shandong Province has 4 and the remaining 9 are located in 9 provinces. In terms of profitability and asset quality, as of the end of 2017, 27 rural banks had total assets of 18.197 billion yuan and net assets of 3.404 billion yuan; various loan balances were 13.186 billion yuan, and net profit was 281 million yuan.