China Zheshang Bank updates ownership in financial leasing unit

China Zheshang Bank Co., Ltd. has provided supplemental information regarding its capital increase in Zhejiang Zheyin Financial Leasing Co., Ltd. The Bank intends to contribute a maximum of 1.02 bn yuan to Zheyin Financial Leasing. Provincial Innovation Investment Group and Zhoushan Marine Investment, both state-owned enterprises, are the other shareholders of Zheyin Financial Leasing but did not participate in this capital increase.

As of June 30, 2025, Zheyin Financial Leasing reported net assets of 8,458 m yuan and total assets of 86,892 m yuan. Its net profits for 2023 and 2024 were 909 m yuan and 1,034 m yuan, respectively. The Bank holds a 51% equity interest in Zheyin Financial Leasing, which was established on January 18, 2017, with a registered capital of 4 bn yuan. Zheyin Financial Leasing had 274 employees and realized a net profit of 622 m yuan during the reporting period.