Description of bank

Major events

2018.01.25

Major events

In July 1996, the People's Bank of China approved to set up the Bank.

In August 1996, the People's Bank of China allowed the Bank to start business.

In November 1996, the Bank was formally registered and set up with the name of Zhengzhou City Cooperation Bank Co., Ltd.

In February 2000, the Bank was renamed as Commercial Bank of Zhengzhou Co., Ltd.

In April 2009, the Bank set up a small enterprise finance division which realized the independent accounting and independent assessment of small enterprise loan business.

In October 2009, the Bank was renamed as the Bank of Zhengzhou Co., Ltd. upon approval of Banking Regulatory Commission.

In December 2009, Zhongmu Zhengyin County Bank which was mainly initiated by the Bank formally started the business.

In August 2010, its first prefecture branch in Henan Province, Nanyang Branch, was formally established, which indicated that the Bank entered a new cross-regional development stage.

In December 2011, its first small enterprise sub-branch, Zhengguang Road Sub-branch, was formally established, which indicated the first solid step of the Bank towards special business of small enterprise loans.

The Bank finished the equity capital increase, issued 2.508 billion new shares at the price of 2.72 Yuan per share and raised funds 6.822 billion Yuan.

In June 2013, the Bank launched five new domestic trade financing products, such as domestic letter of credit, domestic factoring, commercial acceptance bill, prepaid financing and order financing.

In July 2013, the Bank obtained the operation qualification of four foreign exchange businesses, i.e. foreign exchange deposits, foreign exchange loans, foreign exchange remittances and foreign currency exchange which filled in the blank of its foreign exchange businesses.

In August 2013, its post-doctoral research workstation was established upon approval.

In December 2013, the Bank obtained the qualification of cross-border RMB settlement business upon approval of China Banking Regulatory Commission Henan Regulatory Bureau.

In June 2014, the Bank obtained the qualification of credit card business.

The Bank was ranked in the top 500 world banks due to its asset scale and tier 1 capital according to the "Banker" magazine.

In July 2014, the Bank became a member of Market Interest Rate Pricing Mechanism.

In February 2015, the Bank became a primary dealer of market business released by the People's Bank of China in 2015.

In July 2015, the Bank obtained the qualification of issuing the certificates of deposit.

In September 2015, the Bank was honored with “Best City Commercial Bank” and “the 1st Competitiveness among City Commercial Banks with Asset Scale 200 Billion or More” in 2014.

In October 2015, the Bank was honored with the “Advanced National Banking Financial Institution in Financial Services for Small and Micro Enterprises” by the China Banking Regulatory Commission.

On December 23, 2015, the Bank was successfully listed in main board of the Stock Exchange of Hong Kong Limited (stock code: 6196.HK) and became the first local corporate bank in Henan Province which entered the international capital market.