New solutions for rural bank reform: Why did BANK OF GUIZHOU use trusts to take on over 1.9 billion yuan in deposits? Response: Specific measures taken based on market-oriented and rule-of-law principles
Recently, BANK OF GUIZHOU, a Hong Kong-listed bank, announced that as the main initiator of Longli Guofeng Village Bank, it intends to undertake all deposit liabilities of Longli Guofeng Village Bank. The announcement stated that the deposit assumption agreement between the two parties will take effect after being signed and confirmed on January 12, 2026. The total principal and interest of the subject deposits amount to 1.913 billion yuan, and after deducting the relevant rights associated with the debt assumption of the village bank, the assumption consideration is 1.849 billion yuan
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