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Fumin Bank

Chongqing Fumin Bank was established on August 26, 2016. It is China’s first private bank, also the only private bank in the central and western regions in the country being approved to raise fund after the normalized setting-up of private banks. Chongqing Fumin Bank, with registered capital of RMB 3 billion, is co-funded, jointly initiated and set up by 7 outstanding private enterprises in Chongqing, such as the Zongshen Industry Group Co., Ltd. (accounting for 29% of the shares, the second largest shareholder), Hanhua Financial Holding Co., Ltd., Fuan Pharmaceutical (Group) Co., Ltd. and Chongqing Yujiang Die-Casting Co., Ltd. Chongqing Fumin Bank is positioned as a "Inclusive financial bank serving small and micro enterprises" and proposes the business model of "Supporting micro enterprises and innovation, interconnected with entities, based on Liangjiang New Zone and radiating reservoir area", being the first Chongqing banking institution taking small and micro enterprises, “Three Agricultural" economic entity and other financially disadvantaged groups as their core service object, and supporting and serving mass entrepreneurship and innovation." After the founding of Fumin Bank, it will further boost the construction of domestic important functional financial centers in Chongqing, effectively serve local small and micro enterprises and promote financial inclusion.

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  It was founded in 2016

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a registered capital of RMB 3 billion

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Zongshen takes 29% shares

Issue short-term, medium-term and long-term RMB loans

Absorb RMB deposits

Provide the service of letter of credit and guarantee

engage in bank card business

Handle domestic settlement

Agency issuance of financial bonds and insurance agaency business

Scope of business

Provide safe deposit box

Engage in inter-bank borrowing

Handle bill acceptance and discount

Issuance of financial bonds

Issue as Agency of cash Underwrite government bonds

Buy and sell of government bond and financial bond