Editor/Sun Yue

From the sudden departure of president Lin, the stock price plummeted the next day, to the fermentation of the storm of the chief judge of western securities, Nanjing Bank fell into a wave of public opinion whirlpool. After clarifying to the media twice that "the company's operation and management are all normal", on the evening of July 1, Bank of Nanjing issued an announcement again, saying that "the company's operation and management are all normal", and the relevant information was malicious rumors, and said that it had reported the case to the public security organ, and the legal responsibility of the relevant subjects would be investigated according to law.

However, behind this whirlpool of public opinion, investors also smell something unexpected or abnormal. First of all, after Lin resigned as the president of Bank of Nanjing, he was appointed as the deputy director of the group with a scale of only 1000 billion, which was quite unexpected.

It was followed by the sudden change of the official seal of Nanjing Bank and the announcement of the change of the official seal that was subsequently deleted. In addition, on the day of Lin's resignation, one of the four major asset management companies was appointed as the deputy mayor of Nanjing Municipal People's Government (temporary post), and at the same time assisted in handling financial risks and took charge of Nanjing Bank. This series of events happened one after another, which also made investors feel uneasy and reflected in the capital market. On June 30, the share price of Nanjing Bank once approached the daily limit.

The CEO of Western Securities' comments on some judgments and risk warnings of Nanjing Bank on WeChat group added some panic to jittery investors, so that Nanjing Bank reported the case and Western Securities fired the people involved.

However, will Nanjing Bank, which is plagued by rumors, get out of the whirlpool safely?

The flapping of butterflies caused a storm. The source of this storm is the sudden departure of the president of Nanjing Bank.

On June 29th, Bank of Nanjing announced that Lin, the director and president, had submitted a resignation report to the board of directors of the bank due to work needs and other appointments, and resigned from a series of positions such as director, president and chief financial officer of Bank of Nanjing. President of Nanjing Bank is temporarily represented by Chairman Hu.

However, Lin's whereabouts after his resignation from Nanjing Bank were quite unexpected. On July 1 day, Lin was listed as the leader of Nanjing Southeast State-owned Investment Group Co., Ltd. (hereinafter referred to as "Southeast Group"), showing that he was the vice chairman and member of the Party Committee of Southeast Group (retaining the full-time treatment of municipal management enterprises).

(Source/Southeast Group official website)

By the end of the first quarter of 20021,the total assets of Nanjing Bank had reached 1.88 trillion yuan; According to official website of Southeast Group, by the end of 20021,its total assets were only189.6 billion yuan, which was nearly 10 times different from that of Nanjing Bank.

From the full-time position of a trillion-dollar bank president to the position of vice chairman of a group with a scale of only 1000 billion, Lin's position adjustment really puzzled investors.

Official website, the Southeast Group, showed that the Southeast Group was established on 20 14. It is a wholly state-owned company established by Nanjing Municipal Party Committee and Municipal Government to accelerate the development of Jiangnan functional areas such as Hexi New Town, Southern New Town, Xianlin University Town and Qilin Science Park. Its business sectors include apartment leasing, fund investment and engineering construction.

According to public information, Lin was born in 1974. He holds a master's degree in business administration and is a senior economist. He has held important positions in many banks, such as Bank of China and Minsheng Bank, and has rich experience in bank management.

Before resigning from Nanjing Bank, Lin's positions in Nanjing Bank included Deputy Secretary of the Party Committee, President, Executive Director and Chief Financial Officer. At the same time, he also served as vice chairman of Jiangsu Federation of Industry and Commerce, director, executive director and vice president of Jiangsu Banking Association, and representative of the 16th Nanjing Municipal People's Congress.

Lin's "unexpected" resignation also triggered investors' "voting with their feet" on Nanjing Bank. On June 30, the day after Lin publicly resigned, the share price of Nanjing Bank once approached the limit in early trading. As of the close of the day, Bank of Nanjing finally fell by 6.46% to 10.42 yuan per share, with a market value of 7.4 billion yuan.

However, the development trend of things is beyond the expectation of Nanjing Bank. The departure of the president is only the starting point for Nanjing Bank to fall into the storm of public opinion, and a series of events since then have once again pushed Nanjing Bank into the spotlight of public opinion.

Coincidentally, on the day when Lin, the president of Nanjing Bank, resigned, Nanjing suddenly appointed a deputy mayor from an asset management company.

On June 29th, the official account of WeChat, Nanjing People's Congress WeChat, showed that Deng Zhiyi was appointed as the deputy mayor of Nanjing Municipal People's Government to help deal with financial risks, and also helped to take charge of Nanjing Bank, adding another "fire" to the whirlpool of public opinion.

According to Deng Zhiyi's resume, he joined the work on 1988, and successively worked in the fund management department, planning fund department and monetary policy department of the central bank, and then held several important positions in the banking supervision department of the former CBRC.

2065438+In August 2008, Deng Zhiyi became the executive director and president of China Orient Asset Management Co., Ltd. (hereinafter referred to as "Orient Asset"). In April this year, he also performed the duties of Chairman of Orient Assets for more than two months. Judging from his resume, Deng Zhiyi is an expert in dealing with "bad debts" of banks.

Orient Asset is a central financial enterprise and one of the four asset management companies jointly sponsored by the Ministry of Finance and the Social Security Fund Council. By the end of 20021,the combined total assets of Orient Assets reached 65.438+0.205793 billion yuan, and the owners' equity was 65.438+0.57449 billion yuan.

The replacement of the official seal of Nanjing Bank and the bizarre announcement of the replacement of the official seal have pushed Nanjing Bank to the center of the whirlpool of public opinion.

According to the National Business Daily, on July 1, official website and Nanjing Bank issued an announcement about the opening of the new official seal of Nanjing Bank Co., Ltd. According to the announcement, due to the long service life and serious wear and tear of the seal of Nanjing Bank Co., Ltd., it was decided to replace it in order to facilitate the smooth development of all work. The new seal of "Nanjing Bank Co., Ltd." will be activated on July 1 2022, and the original seal will be invalidated and destroyed on the same day. The name of the new seal remains unchanged and has been registered in Xuanwu Branch of Nanjing Public Security Bureau.

Bankers and lawyers said that the replacement of seals by enterprises is generally related to the old seals or problems in internal control management, but it cannot be used as a basis for judging the current situation of enterprises.

Strangely, at present, Caijing Tianxia Weekly can't find this announcement in official website and Nanjing Bank, and it is suspected that it has been deleted.

Misfortune never rains but it pours, and bizarre events surrounding Nanjing Bank come one after another. On July 1 day, Fu, the chief of western securities communication, expressed his views on Nanjing Bank, which completely "angered" Nanjing Bank in the whirlpool of public opinion.

On July 1 day, a group chat record involving Nanjing Bank quickly fermented on social media, and the content of the exchange was some judgments and risk tips of Fu, the chief of western securities communication.

(Source/Network)

In addition, events such as the resignation of the president of Bank of Nanjing, the opening of a new chapter, and taking office in the past two days seem to provide "evidence" for Fu's above remarks.

For a time, public outcry pushed Nanjing Bank to the forefront. On July 1 day, words such as "Bank of Nanjing Governor Lin resigned", "Bank of Nanjing launched a new chapter" and "Bank of Nanjing" appeared in Weibo hot search, which caused many speculations and associations about Bank of Nanjing, and Fu himself fell into the whirlpool of public opinion.

(Source/Network)

According to the data, Master Fu is now an analyst in the western securities and communication industry. From August 2020 to 202 1, 1 1 worked in Minsheng Securities, and only joined Western Securities in February this year. Before that, he didn't focus on banking research.

It is reported that Fu is not a probationary employee of the Western Securities Center, nor a researcher in the banking industry, nor is he an unauthorized researcher in the banking industry.

Fu Feiming himself paid the price for his remarks. In response to the inappropriate comments made by Fu Ming, the chief communication officer, to Bank of Nanjing, Western Securities has held Fu accountable for compliance, and has dissolved the labor contract signed by the company and him on February 18, 2022.

According to public information, Nanjing Bank was established on February 8, 1996. It is a joint-stock commercial bank with independent legal personality and a first-class legal person system. After twice renaming, Nanjing Bank was introduced to IFC and BNP Paribas in 200 1 and 2005, and successfully listed in 2007. It is the first city commercial bank listed on the main board of Shanghai Stock Exchange, and it is also one of the 6 trillion A-share city commercial banks.

As the leader of city commercial banks, Nanjing Bank has been developing vigorously, but there are also problems in fund management and control.

In terms of performance, Bank of Nanjing has achieved steady growth in recent years. From 20 19 to 202 1, the operating income of Nanjing Bank was 32.442 billion yuan, 34.465 billion yuan and 40.925 billion yuan respectively. The net profit was 65.438+02.453 billion yuan, 65.438+031.01billion yuan and 65.438+05.857 billion yuan respectively.

Most importantly, as an important indicator to measure the quality of bank assets, the non-performing loan ratio of Nanjing Bank has remained below 1% for many years. The data shows that from 20 19 to 202 1, the average NPL ratio of Nanjing Bank is 0.89%, 0.90% and 0.9 1% respectively.

Behind the brilliant performance, Nanjing Bank was fined many times because of lax supervision over the use of loan funds.

According to the information of official website, since 20 17, Nanjing Bank and its branches have been given administrative penalties of 4 1, of which 50% are loans and interbank funds. It is clearly stated that the number of penalties for illegal flow of funds to restricted areas such as real estate, real estate and securities will reach 12.

The housing mortgage loan of Nanjing Bank has always been a high proportion in personal loans, with 20 18 above 37% by 2020. By 20021year, even though this figure has decreased, it still reached more than 35%. By the end of 20021,the balance of housing mortgage loans of Nanjing Bank was 83.54 billion yuan, accounting for 35.8% of the balance of personal loans. From the perspective of corporate loans, Nanjing Bank's 202 1 corporate loans totaled 543.943 billion yuan, and the proportion of loans invested in real estate reached 6.88%.

Whether Nanjing Bank, which was caught in the storm of public opinion, had a problem with its banking operation or was a false alarm by investors, may soon come to the bottom.