Four Days After Publishing the Announcement, Chongzuo Rural Commercial Bank "Goes Back on Its Word": Announces Temporary Stockholders' Meeting Cancels Review of Directed Equity Financing Plan

Financial Daily Reporter | Zhao Jingzhi Financial Daily Editor | Huang Sheng

At the beginning of 2026, the banking industry in Guangxi launched a wave of capital replenishment. Many rural commercial banks and village banks across the region have been raising capital through profit reinvestment, such as Guangxi Long’an Rural Commercial Bank, Longlin Rural Commercial Bank, and Tianlin Rural Commercial Bank.

Amid the capital increase, the reporter noticed that Guangxi Chongzuo Rural Commercial Bank announced that, according to its latest medium- and long-term strategic development plan, it has canceled a resolution from the temporary shareholders’ meeting on March 18, which involved the implementation plan for its 2026 targeted fundraising. The other matters announced in the original shareholders’ meeting notice remain unchanged.

Chongzuo Rural Commercial Bank Cancels Targeted Fundraising Resolution

The reporter noted that Guangxi Chongzuo Rural Commercial Bank issued a notice on March 3rd about convening a temporary shareholders’ meeting for 2026, which included a resolution to review the implementation plan for its 2026 targeted fundraising.

However, on March 7th, the bank issued another notice stating that, based on its latest medium- and long-term strategic development plan, it has decided to cancel the resolution regarding the targeted fundraising implementation plan scheduled for the March 18th meeting.

Regarding the reasons for canceling the targeted fundraising and the strategic development plan, the reporter called the phone number provided in the bank’s announcement. A staff member stated that the official announcement should be considered authoritative.

The reporter observed that Guangxi Chongzuo Rural Commercial Bank, along with Long’an Rural Commercial Bank, Longlin Rural Commercial Bank, and other local financial institutions mentioned above, are directly managed by Guangxi Rural Commercial Joint Bank. The recent capital increases of these banks are all internal capital replenishments.

It is reported that Guangxi Rural Commercial Joint Bank was established on February 6, 2024. It was formed from the restructuring of the Guangxi Zhuang Autonomous Region Rural Credit Cooperative Union and is responsible for duties such as party leadership, industry services, risk management, and equity management for 91 city and county rural cooperative institutions across the region. Additionally, the bank adopts a “top-down” shareholding model, holding stakes or even controlling local rural commercial banks and rural credit cooperatives.

Previously, Guangxi Rural Commercial Joint Bank issued a statement saying that it aims to build a governance structure based on shareholding ties, a performance checklist, and classification assessments. This structure clarifies its responsibilities for the 91 city and county rural cooperative institutions, including party leadership, industry services, risk control, and equity management, ensuring effective management without overreach, and establishing a “one network” management system.

Multiple Small and Medium Banks in Guangxi Change Their Registered Capital

Since the beginning of this year, several banks in Guangxi have changed their registered capital.

For example, on January 15, the Guangxi Financial Regulatory Bureau approved the increase of Long’an Rural Commercial Bank’s registered capital by 1.6033 million yuan, from 154.2862 million yuan to 155.8895 million yuan.

On January 19, Longlin Rural Commercial Bank announced a temporary disclosure that, to implement its annual profit distribution plan, the increase in registered capital was due to shareholder dividends being converted into capital. The bank completed the legal procedures and applied for approval from the Baise Regulatory Branch of the National Financial Supervision and Administration Bureau. Its registered capital increased from 65.5464 million yuan to 66.7778 million yuan.

Additionally, Tianlin Rural Commercial Bank received approval on January 26 to increase its registered capital by 1.2312 million yuan, from 97.4074 million yuan to 98.6385 million yuan.

The reporter noted that this round of capital increases among Guangxi’s small and medium-sized banks mainly involves county-level rural commercial banks, covering cities such as Nanning, Baise, and Chongzuo. The scale of increases is mostly between 1 million and 2 million yuan, primarily through profit reinvestment, with no large-scale external fundraising cases so far.

Cover image source: AIGC