A substantial block of shares in BANK OF JIUIANG (HKEX: 06190) has been listed for auction. The Alibaba Asset Auction platform shows that 30.04 million shares held by Junhe (Xiamen) Holding Co., Ltd. are being auctioned off under a court enforcement order.

The starting price for this equity stake is approximately 259 million yuan, representing about a 30% discount to its assessed value. Public information indicates that as of the end of 2025, the Xiamen-based company was the bank's seventh-largest domestic shareholder, holding roughly 3.04% of its shares.

This is not an isolated event. In March 2026, two other large shareholdings from different major shareholders, totaling 23.622 million and 18 million shares respectively, failed to attract any bids and were withdrawn from auction.

Background on the Bank

Originally named Jiujiang City Commercial Bank, the institution was founded in November 2000 and listed on the main board of the Hong Kong Stock Exchange in July 2018.

Financial Performance and Metrics

As of the end of 2025, the bank reported total assets of 523.435 billion yuan, a year-on-year increase of 1.35%. Net loans and advances reached 321.286 billion yuan, up 2.99%. Corporate banking was a key growth driver last year, with corporate loan balances rising 8.95% to 195.969 billion yuan.

In contrast, retail loan balances declined by 10.41% to 80.09 billion yuan, with decreases across all sub-categories including mortgage, credit card, and personal business and consumption loans.

For the full year 2025, operating income was 10.477 billion yuan, up a slight 0.85%, while net profit attributable to shareholders grew 11.16% to 828 million yuan. The bank's profitability has shown notable volatility in recent years.

Income structure faced pressure last year, with net interest income falling 6.24% and its contribution to total revenue decreasing. Net fee and commission income also saw a sharp decline of 31.74%.

Regarding asset quality, the non-performing loan ratio stood at 1.93% at the end of 2025, down 0.26 percentage points year-on-year. The provision coverage ratio was 152.21%, a decrease of 2.04 percentage points.

In a separate business update, the bank announced in March this year the termination of cooperation with ten loan facilitation agencies, including affiliates of major internet platforms.