SHENGJINGBANK's helmsman, Sun Jin, has gradually receded from the public eye.
His last public appearance was in March 2025, when he attended a government-bank-enterprise对接会 for the Beihu Future Science City organized by the Changchun New Area. Since then, Sun Jin has been rarely seen over the past year.
Sun Jin plays a significant role at SHENGJINGBANK. He is a key figure in the bank's "de-Evergrande" transition, having taken over the chairman position from Qiu Huofa, who was appointed by Evergrande Group, in 2023.
Born in 1973, he holds a Ph.D. in Finance from Dongbei University of Finance and Economics. His career has primarily been within the Chinese banking system, boasting over 30 years of experience in banking operations and management, with a rich professional履历.
Since taking the helm at SHENGJINGBANK, Sun Jin has continuously adjusted business布局, optimized processes, disposed of large volumes of non-performing assets, and scaled back the real estate loan portfolio, achieving some positive results.
For instance, by the end of June 2025, SHENGJINGBANK's real estate loan balance had decreased to 39.317 billion yuan, accounting for 7.6% of its total loans.
However, SHENGJINGBANK's deep-rooted issues persisted, ultimately leading to its delisting.
In November 2025, SHENGJINGBANK was formally delisted from the Hong Kong Stock Exchange, ceasing its activity in the capital markets. Its largest shareholder, Shenyang Shengjing Financial Holding Group, and its concert parties acquired all the remaining issued H shares and domestic shares through a general cash offer.
Many are curious about what new moves SHENGJINGBANK will make following its delisting.
As the new year began, SHENGJINGBANK reported a piece of positive news.
Tianyancha records show that Shenyang Wanji Industrial Development Co., Ltd. received a court announcement. Due to a loan contract dispute with SHENGJINGBANK's Shenhe Sub-branch, the 9.1606% equity stake in Datong Securities held by Wanji Industrial, after valuation by Tianhe Asset Assessment, has a determined property disposal reference price of approximately 293 million yuan and has now entered a 15-day public notification period.
In short, Wanji Industrial's significant financial asset, Datong Securities, is set to be auctioned.
This means there is a possibility for SHENGJINGBANK to recover this loan.
Alongside Wanji Industrial, other companies such as Yinghe Industrial, Pincheng Investment, and Zhongyuan Rongtong Investment have also been named as defendants by SHENGJINGBANK.
In recent years, SHENGJINGBANK has been intensifying its efforts to recover debts, aiming to resolve some historical burdens.
After all, the bank faces urgency in reducing its non-performing loan ratio.
In the first half of 2025, the bank's non-performing loan ratio was as high as 2.69%, a slight increase of 0.01 percentage points from the end of the previous year, while its provision coverage ratio stood at only 157%, unchanged from the start of the year.
As of the end of June 2025, SHENGJINGBANK's total assets reached 1.13 trillion yuan, a 0.5% increase from the beginning of the year; total loans and advances amounted to 514.873 billion yuan, up 2.9% year-on-year; and total deposits absorbed were 791.469 billion yuan, an increase of 1.4% year-on-year.
In terms of profitability, for the first half of 2025, the bank achieved operating income of 4.326 billion yuan, a decrease of 5.1% year-on-year, and realized a net profit of 508 million yuan, down 14.1% year-on-year.
Recently, SHENGJINGBANK disclosed its wealth management business situation for the second half of 2025 through the China Banking Wealth Management Registration and Depository Center Co., Ltd.
The latest data shows that in the second half of 2025, the amount of newly issued wealth management products at SHENGJINGBANK reached 33.952 billion yuan, slightly down from 34.169 billion yuan in the first half.
During the same period, the bank issued 20 new wealth management products, compared to 22 new products issued in the first half.