① Relevant matters may involve Nam Cheong Private Financing Registration Service Center Co., Ltd. However, those concerned responded that Jiangxi Bank has no relation to the company, only serving as its account-opening bank; ② Previously, reports have shown that the nine-year-old Min Rong Deng center has experienced widespread default, involving more than 2,200 investors; ③ Relevant information shows that the Min Rong Deng center was established with the approval of local financial departments, and can penetrate up to China Lantian Corporation.
Caixin reported on July 4 (reporter Liang Kezhi) that today the local financial management bureau of Nanchang issued a notice stating that a few people recently gathered at the entrance of the head office of Jiangxi Bank and posted false information online, suspected of disrupting the working order of financial institutions.
The notice stated that the public security organs have intervened in the investigation. The notice also reminded that fabricating and spreading untrue remarks about the financial system is an illegal act that endangers the security of the economy and finance and seriously disrupts social order, and will be severely punished by law.
Official response: Jiangxi Bank has nothing to do with Minrong Dengzhong Center.
Caixin noted that market rumors indicate that related matters may involve Nanchang Minrong Dengzhong Center Co., Ltd. (hereinafter referred to as the Minrong Deng Center).
On the afternoon of July 4th, Caixin reporter consulted Nanchang local financial management bureau as a client. The person in charge of Nanchang local financial management bureau stated that Jiangxi Bank is currently operating normally. In order to maintain financial stability, some rumors on the Internet are being debunked. According to the bureau, Jiangxi Bank has no relationship with Nanchang Minrong Dengzhong Center Co., Ltd., only that it is this company's deposit bank.
As of press time, Jiangxi Bank has not issued a statement on this matter, nor has it responded to Caixin reporter's inquiries. However, when a Caixin reporter consulted the Jiangxi Bank customer service on July 4th, the customer service representative said that Jiangxi Bank is a provincial financial institution and a key enterprise owned by Jiangxi Province, and its strength is powerful, and its deposits, wealth management, etc. will not be affected.
In June 2020, Economic Observer reported that the Minrong Deng Center, which has been established for nine years, saw a large-scale breach of the investment product recently recommended, and many investors have been unable to recover the lent funds and expected interest. Currently, the center's business has been suspended.
It is understood that the explosion of Minrong Deng Center products involves more than 2,200 investors, with a total amount of about tens of billions of yuan. The customer group is mainly composed of local citizens in Nanchang, among which the group aged 60 to 90 and investors with an investment of 1 to 2 million yuan are the majority.
Public information shows that Jiangxi Bank, formerly known as Nanchang Commercial Bank, is the only provincial city commercial bank in Jiangxi Province and was listed on the Hong Kong Stock Exchange in June 2018. According to the latest annual report, in 2023, Jiangxi Bank achieved operating income of 11.297 billion yuan, a year-on-year decrease of 11.15%; and achieved net income attributable to the mother of 1.036 billion yuan, a year-on-year decrease of 33.13%.
From the equity structure, the top ten shareholders of Jiangxi Bank are still mainly state-owned. According to the bank's 2023 annual report data, Jiangxi Communications Investment holds 15.56% of the shares, Jiangxi Financial Group holds 5.77%, Nanchang Industrial Investment holds 4.81%, China Tobacco Jiangxi Provincial Company holds 4.37%, and Jiangxi Provincial Investment Group holds 2.99%.
Tianyancha shows that Minrong Deng Center penetrates up to China Lantian Group.
Caixin noted that the Nanchang Private Financing Registration Service Center's official website is in a state of existence, and the news center was updated in April 2019.
According to the official website, Nanchang Private Financing Registration Service Center Co., Ltd. was established in March 2015. It is a new type of financing service platform that is committed to transforming private investment and financing businesses and corporate investment and financing businesses from underground, non-public, and high-cost financing methods into public, legal, and transparent ways in Nanchang City, which was approved and supervised by the financial office of the Nanchang Municipal People's Government.
Tianyancha shows that the legal person of Nanchang Private Financing Registration Service Center is Guo Youjun, which is fully controlled by Lantian Environmental Protection Co., Ltd. The equity penetration shows that Lantian Environmental Protection's actual controller is China Lantian Group.
According to the company's recruitment information, China Lantian Group was established on March 6, 1989. It is a state-owned large-scale enterprise with national ownership established with the approval of the State Administration for Industry and Commerce. It is an investment unit of the Ministry of Agriculture and Rural Areas and a large-scale comprehensive state-owned asset management pilot unit that mainly serves the three rural areas, asset management, and technology development. It is a large-scale comprehensive enterprise group company in the agricultural and rural fields of China at the national level, headquartered in Beijing, China.
It is worth noting that according to the Economic Observer report, the Minrong Deng Center had obtained official approval documents. In October 2014, the Jiangxi Provincial Financial Office issued the "Guiding Opinions on Pilot Work of Private Financing Registration Service Institutions" [Gan Jin Fa 2014 (5)]. The contents of the document showed that the business scope approved by Minrong Dengzhong Center is the registration and release of private capital supply and demand information, the matching of private capital supply and demand, and the record filing of private financing loan contracts.