Regulatory Approval Granted for Jiangsu Transport's Increased Stake in Bank of Nanjing

Deep News05-29

Bank of Nanjing Co., Ltd. has announced that its major shareholder, Jiangsu Communications Holding Company, has received regulatory approval to increase its shareholding in the bank. As of the end of March 2026, Jiangsu Communications Holding held a 14.90% stake in the bank.

According to regulatory requirements under the "Interim Measures for the Administration of Commercial Bank Equity," shareholders holding more than 10% of a bank's shares must obtain prior approval from the regulatory authority if their stake is to exceed 15%. The National Financial Regulatory Administration's Jiangsu Bureau has now granted this approval to Jiangsu Communications Holding, permitting its shareholding to surpass the 15% threshold.

The approval was formalized through the document "Jiangsu Financial Regulatory Bureau's Reply Regarding the Change of Equity in Bank of Nanjing."

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