After a process lasting nearly half a year, the consolidation of state-owned equity has been formally completed.

On the evening of June 2nd, Bank of Chongqing Co.,Ltd. (BCQ) announced that Chongqing United Assets and Equity Exchange, Southwest Securities, Chongqing Light Textile Assets, Chongqing Machinery & Electronics Group, Chongqing Agricultural Investment Assets, and Chongqing Furniture have transferred all their shares in the bank to Chongqing Development Asset Management Co., Ltd., with the relevant transfer procedures and registration changes now finalized.

State-Owned Shareholders Consolidated from Six to One

The announcement indicates that in January of this year, the Chongqing State-owned Assets Supervision and Administration Commission issued an approval document agreeing for the aforementioned six companies to transfer their shares in the bank to Chongqing Development Asset Management.

Upon completion of this transaction, the composition of concerted actors for the bank's shareholder, Chongqing Yufu Capital Operation Group Co., Ltd., will change, with the six companies no longer being part of that group.

Bank of Chongqing Co.,Ltd. also stated it recently received notification from Yufu Capital that the share transfer registration has been completed. This marks a crucial step for the bank's state-owned shareholders in moving from "dispersed holdings" towards "professional concentration."

Information shows that Chongqing Development Asset Management is a newly established professional asset operation platform under the local state-owned assets regulator. The company was founded in November 2023 with a registered capital of 5 billion yuan.

According to official website details, the primary responsibilities of Chongqing Development Asset Management include asset revitalization and fund management. The revitalization aspect involves acquiring, operating, and disposing of assets, equity, and franchise rights from district/county governments and state-owned enterprises across the city. The management aspect includes undertaking asset acquisition tasks assigned by the municipal party committee and government, as well as managing the municipal-level state-owned capital emergency liquidity pool.

Successfully Entered the "Trillion-Yuan City Commercial Bank" Ranks Last Year

From an industry perspective, the integration and simplification of Bank of Chongqing Co.,Ltd.'s shareholding structure is seen not only as beneficial for improving decision-making efficiency and reducing coordination costs, but the entry of Chongqing Development Asset Management as a professional platform is also expected to strengthen local state-owned capital support for the bank.

Financially, by the end of 2025, Bank of Chongqing Co.,Ltd. had entered the ranks of "trillion-yuan city commercial banks." The bank's total assets reached 1,033.726 billion yuan, a year-on-year increase of 20.67%, making it the first "A+H" listed city commercial bank nationwide to reach the trillion-yuan scale.

In terms of operating performance, during the reporting period, the bank achieved operating revenue of 15.113 billion yuan, a year-on-year increase of 10.48%, and realized net profit attributable to the parent company of 5.654 billion yuan, a year-on-year increase of 10.49%.

Entering the first quarter of 2026, Bank of Chongqing Co.,Ltd. maintained "double-digit" growth in both revenue and net profit. During the reporting period, the bank achieved operating revenue of 3.996 billion yuan, a year-on-year increase of 11.57%, and realized net profit attributable to the parent company of 1.793 billion yuan, a year-on-year increase of 10.4%.