Harbin Bank Approved to Acquire Two Rural Banks and Establish Branches

On December 9, financial authorities in Chongqing issued two approvals, granting Harbin Bank permission to acquire Chongqing Shapingba Rongxing Rural Bank Co., Ltd. and establish three new branches: Harbin Bank Chongqing Fengtianlu Sub-branch, Harbin Bank Chongqing Huilongba Sub-branch, and Harbin Bank Chongqing University Town Sub-branch. These branches will take over the assets, liabilities, business operations, and employees of Chongqing Shapingba Rongxing Rural Bank after its financial audit and asset evaluation.

Additionally, Harbin Bank was approved to acquire Chongqing Dadukou Rongxing Rural Bank Co., Ltd. and establish three more branches: Harbin Bank Chongqing Dadukou Sub-branch, Harbin Bank Chongqing Ganghualu Sub-branch, and Harbin Bank Chongqing Jiansheng Sub-branch. These branches will similarly assume the assets, liabilities, business operations, and employees of Chongqing Dadukou Rongxing Rural Bank following its financial audit.