The capital of Jinan transferred by Hengfeng bank was changed to RMB 11.210 billion.

category:Finance
 The capital of Jinan transferred by Hengfeng bank was changed to RMB 11.210 billion.


The equity of Hengfeng bank has been changed many times. For the last time, it was decided at the 2013 annual general meeting that Hengfeng bank implemented the 2013 annual profit distribution plan, i.e. based on the companys total share capital of 8.176 billion shares at the end of 2013, 1 bonus share and 2 bonus shares were distributed to all shareholders for every 10 shares, with the allotment price of 3 yuan / share. The minority shareholders gave up the allotment and some allotment amount has not been fully subscribed. As of the end of 2014, the total equity of Hengfeng bank is about 10.049 billion shares. By 2016, the total number of shareholders of Hengfeng bank was 58. At the end of 2016, no profit was distributed to shareholders or capital reserve was converted into capital stock. The total capital stock of the bank was about 11.194 billion shares.

At the same time of moving the companys headquarters to Jinan, Hengfeng bank also carried out the organizational structure reform of its head office and branches. The first level departments of the head office were reduced from 67 to 32, and the structural adjustment of its branches was completed by the end of August.