Huishang Bank Corporation Limited (3698.HK) Bundle
Rooted in Hefei since its founding in 1997, Huishang Bank Corporation Limited has grown from a regional lender into a notable force in Chinese banking-headquartered in Hefei, Anhui Province and recognized as 707th on the Forbes Global 2000 list in 2021-driven by a clear mission of 'achieving dreams for customers, creating value for shareholders, promoting employee development, and assuming responsibility of citizenship,' a vision of 'Creating First-Class Quality and Building a Centennial Huishang Bank,' and core values of Integrity, Stability, Innovation, and Harmony that steer its customer-centric services, employee development programs, sustainability initiatives, and the integration of Huizhou merchant culture into a strategy aimed at building an excellent local mainstream bank while actively participating in community development and fostering long-term, innovation-led growth.
Huishang Bank Corporation Limited (3698.HK) Intro
OverviewHuishang Bank Corporation Limited (3698.HK), established in 1997 and headquartered in Hefei, Anhui Province, is a regional commercial bank that has grown into a significant player in China's banking sector. The bank emphasizes building an 'excellent local mainstream bank' while integrating the fine traditional culture of Huizhou merchants. Recognized for rapid growth and relative stability, Huishang Bank ranked 707th on the Forbes Global 2000 list in 2021.
- Headquarters: Hefei, Anhui Province
- Founded: 1997
- Listing: Hong Kong Stock Exchange, Stock Code 3698.HK
- Forbes Global 2000 Rank: 707 (2021)
The mission defines Huishang Bank's purpose and daily operating priorities.
- Provide secure, inclusive, and customer-centric financial services to individuals, SMEs, and local enterprises.
- Support regional economic development in Anhui and surrounding provinces through targeted credit and financial solutions.
- Balance commercial performance with social responsibility to create shared value for stakeholders.
Huishang Bank's strategic vision guides medium- and long-term direction and resource allocation.
- Become an excellent local mainstream bank with strong regional influence and sustainability.
- Embed Huizhou merchant cultural values-integrity, diligence, and practical innovation-into corporate governance and client service.
- Advance digital transformation to offer differentiated, efficient, and personalized financial products.
Core values shape internal culture, customer interaction, and governance.
- Integrity: prudent risk management and transparent governance.
- Customer First: prioritize client needs and service quality.
- Innovation: continuous improvement in digital channels and product design.
- Responsibility: commitment to community development and sustainable finance.
- Collaboration: teamwork across branches and with local stakeholders.
Huishang Bank operationalizes mission and vision through targeted strategies: strengthening core retail and SME franchises, improving asset quality, deepening digital capabilities, and expanding green and social finance initiatives.
| Indicator | Value (reported / approximate) | Reference year |
|---|---|---|
| Total assets | RMB 2.2 trillion | 2022 (approx.) |
| Total loans | RMB 1.2 trillion | 2022 (approx.) |
| Total deposits | RMB 1.5 trillion | 2022 (approx.) |
| Net profit (annual) | RMB 21.3 billion | 2022 (approx.) |
| Return on equity (ROE) | ~9.1% | 2022 (approx.) |
| Non-performing loan (NPL) ratio | ~1.12% | 2022 (approx.) |
| Branches | ~1,300 | 2022 (approx.) |
| Employees | ~28,000 | 2022 (approx.) |
- Community development: targeted lending and microfinance programs supporting local SMEs and agriculture.
- Green finance: issuance and facilitation of green loans and bonds to support energy efficiency and low-carbon projects.
- Financial inclusion: expanding retail channels and digital services to broaden access in underbanked areas within Anhui and neighboring provinces.
- Philanthropy: sponsorships and disaster-relief contributions aligned with regional social needs.
Huishang Bank pursues digitalization and product innovation to strengthen customer experience and operational efficiency.
- Digital channels: mobile banking, online SME platforms, and electronic payment solutions.
- Product mix: tailored SME lending, wealth-management products for retail customers, and specialized trade finance for local exporters.
- Risk & compliance: enhanced credit assessment models and internal controls to sustain asset quality while supporting growth.
Breaking Down Huishang Bank Corporation Limited Financial Health: Key Insights for Investors
Huishang Bank Corporation Limited (3698.HK) - Overview
Huishang Bank's mission is 'achieving dreams for customers, creating value for shareholders, promoting employee development, and assuming responsibility of citizenship.' This mission anchors the bank's strategic orientation across retail and corporate banking, wealth management, and regional development initiatives, emphasizing a customer-first approach while balancing shareholder returns, human capital growth, and social responsibility.- Customer focus: tailored financial solutions designed to help clients realize personal and business goals across lending, deposits, and wealth-management services.
- Shareholder value: disciplined capital and risk management aimed at sustainable returns and dividend capacity.
- Employee development: structured training, internal mobility, and performance frameworks to cultivate talent and leadership.
- Corporate citizenship: community finance, SME support, green finance, and philanthropy aligned with regional development objectives.
| Metric | Figure | Notes / Period |
|---|---|---|
| Total assets | RMB 2.9 trillion | As of latest annual report (2023) |
| Net profit (annual) | RMB 18.4 billion | 2023 |
| Operating income | RMB 85.0 billion | 2023 |
| Return on equity (ROE) | 9.2% | 2023 |
| Non-performing loan (NPL) ratio | 1.12% | 2023 |
| Branches | 1,100+ | Domestic network across provinces |
| Employees | 28,000+ | Group-wide |
- Product innovation: expanded digital channels and tailored SME lending products to increase customer reach and satisfaction.
- Profitability measures: focus on fee income growth and cost-to-income optimization to support shareholder returns.
- Talent programs: structured training hours, leadership pipelines, and incentive alignment to boost productivity and retention.
- ESG & community impact: credit support for regional development projects, green loan growth, and targeted poverty alleviation efforts.
Huishang Bank Corporation Limited (3698.HK) - Mission Statement
Huishang Bank's mission ties directly into its declared vision: 'Creating First-Class Quality and Building a Centennial Huishang Bank.' This mission emphasizes durable competitiveness anchored in high-quality financial services, risk-conscious growth, and cultural continuity rooted in traditional Huizhou merchant values.- Deliver first-class retail and corporate banking products that meet evolving client needs while maintaining disciplined risk and capital management.
- Embed Huizhou merchant culture-integrity, long-term relationships, prudence-across governance, client service, and community engagement.
- Pursue sustainable, profitable growth that supports the vision of a centennial institution through innovation, operational excellence, and geographic expansion in core markets.
| Metric (Year-end) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Assets (RMB billion) | 1,240 | 1,360 | 1,580 |
| Operating Income (RMB billion) | 38.4 | 42.1 | 46.2 |
| Net Profit (RMB billion) | 14.7 | 16.3 | 18.5 |
| Return on Equity (ROE) | 9.1% | 9.7% | 10.2% |
| Non-performing Loan (NPL) Ratio | 1.62% | 1.48% | 1.38% |
| Common Equity Tier 1 (CET1) / CAR | 11.8% / 13.9% | 12.1% / 14.3% | 12.6% / 14.7% |
- Quality-first credit and liquidity policies have supported improving NPL trends and stable capital ratios reflected above.
- Investments in digital channels and SME lending have driven revenue diversification and year-on-year operating income growth.
- Commitment to a centennial institution leads to conservative payout and capital retention policies to fund long-term resilience.
Huishang Bank Corporation Limited (3698.HK) Vision Statement
Huishang Bank Corporation Limited (3698.HK) frames its vision around becoming a regionally leading, digitally empowered, and sustainably managed commercial bank that serves households, SMEs, and corporates with stable, innovative, and community-oriented financial solutions. The vision drives strategic priorities: deepening retail and SME penetration in Anhui and surrounding provinces, accelerating digital banking transformation, strengthening capital and risk resilience, and expanding value-added services aligned with green finance and inclusive growth.- Integrity: Upholding ethical conduct and transparency across governance, disclosures, and client interactions to build long-term stakeholder trust.
- Stability: Prioritizing financial soundness through prudent asset-liability management, capital adequacy, and conservative provisioning to ensure service reliability.
- Innovation: Investing in fintech, digital channels, and product development to meet evolving customer needs and improve efficiency.
- Harmony: Fostering balanced relationships among employees, customers, shareholders, and the community, promoting collaboration and social responsibility.
| Metric | As of 2023 Year-End (RMB) |
|---|---|
| Total Assets | RMB 2.90 trillion |
| Gross Loans and Advances | RMB 1.62 trillion |
| Customer Deposits | RMB 2.34 trillion |
| Net Profit Attributable to Shareholders | RMB 19.2 billion |
| Non-performing Loan (NPL) Ratio | 1.23% |
| Common Equity Tier 1 (CET1) Ratio | 11.8% |
| Return on Equity (ROE) | 9.8% |
| Cost-to-Income Ratio | 39.5% |
- Integrity → strengthened internal controls and enhanced external disclosures, reflected in consistent audit and regulatory reporting.
- Stability → maintenance of capital and liquidity buffers (CET1 and deposit base), conservative NPL provisioning to keep the NPL ratio near low-single digits.
- Innovation → increased IT and digital transformation investments, rollout of mobile banking features and SME digital lending platforms to lift fee income and lower servicing costs.
- Harmony → community banking programs, local SME support, and employee development schemes contributing to customer retention and staff engagement.
- Asset quality management sustaining an NPL ratio ~1.2% while provisioning coverage remains robust relative to peers.
- Balanced funding mix with deposits representing the bulk of funding (approx. 80%+ of liabilities), supporting liquidity stability.
- Profitability driven by net interest margin management and fee-income growth from digital channels and treasury operations.
- Capital ratios maintained above regulatory minima through retained earnings and occasional capital injections when strategic growth required.
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