The shares of Nanjing Bank, which have distinctive characteristics and relatively good quality, have undergone changes again.

On August 11, Nanjing Bank announced that its shareholder holding more than 5%, Jiangsu Transportation Holding Co., Ltd., confirmed the free transfer of 496 million shares of Nanjing Bank held by its wholly-owned subsidiary, Jiangsu Yunsong Capital Management Co., Ltd.

Before this transfer, Jiangsu Transportation Holding Co., Ltd. held a 9.99% stake, while Jiangsu Yunsong Capital Management Co., Ltd. held a 4.02% stake. After the completion of the free transfer of the aforementioned shares, Yunsong Capital will no longer hold shares in Nanjing Bank, and Jiangsu Transportation Holding's stake in Nanjing Bank will increase to 14.01%.

Previously, NJGK had already increased its stake in the secondary market. This may indicate that all parties have a strong interest in holding shares of Nanjing Bank and cherish them greatly.

Internal "Consolidation" of Shares by Jiangsu Transportation Holding

The announcement shows that Jiangsu Yunsong Capital Management Co., Ltd. is a wholly-owned subsidiary of Jiangsu Transportation Holding Co., Ltd. and is considered a concerted actor as defined by the "Measures for the Administration of the Acquisition of Listed Companies."

Thus, the share transfer of Nanjing Bank this time is an internal transfer between concerted actors, not involving an increase or decrease in the market, and does not trigger a tender offer.

The announcement indicates that Jiangsu Transportation Holding and Yunsong Capital have signed a share free transfer agreement, which still needs to be registered with the Shanghai branch of China Securities Depository and Clearing Corporation Limited.

NJGK Just Completed Its Increase in Holdings

The announcement states that this share transfer will not change the situation of Nanjing Bank having no controlling shareholder or actual controller.

However, in reality, the confidence and value perception of various shareholders in Nanjing Bank are very strong. In addition to the internal consolidation of shares by Jiangsu Transportation Holding, NJGK is also increasing its stake.

On August 4, Nanjing Bank announced that it received a notice from NJGK regarding the increase in shares of Nanjing Bank Co., Ltd. Based on confidence in the future development and value growth of Nanjing Bank, NJGK increased its holdings of Nanjing Bank shares through the Shanghai Stock Exchange trading system via centralized bidding from July 24, 2025, to August 4, 2025.

After the increase, NJGK's stake rose from 8.94% to 9.00%.

Why Is It Frequently "Noticed"?

It is worth noting that although Nanjing Bank is a city commercial bank, its overall quality and mechanism are quite outstanding.

The company was established on February 8, 1996, and is one of the 20 systemically important banks in the country, ranking 86th among the 1,000 largest banks in the world published by The Banker magazine. As of the end of the first quarter of 2025, its asset scale reached 2.76 trillion yuan, with total deposits exceeding 1.65 trillion yuan and total loans exceeding 1.34 trillion yuan. In the first quarter, it achieved an operating income of 14.19 billion yuan and a net profit attributable to shareholders of the listed company of 6.108 billion yuan In addition, Nanjing Bank has always had a relatively flexible mechanism, with obvious advantages in corporate governance. The bank introduced the International Finance Corporation and BNP Paribas as shareholders in 2001 and 2005, respectively, becoming one of the few city commercial banks with foreign shareholders participating in governance.

Moreover, among city commercial banks nationwide, Nanjing Bank was the first to initiate the listing guidance process and successfully listed on the main board in 2007, which has benefited the bank's capital replenishment, strength enhancement, and business advantages. Currently, Nanjing Bank is the first in the country to attempt a development model of city commercial banks participating in other city commercial banks in different locations, acquiring shares in Rizhao Bank and becoming its largest shareholder. It has also invested in Jiangsu Financial Leasing Co., Ltd., Wuhu Jinsheng Rural Commercial Bank, and initiated the establishment of Yixing Yangxian and Kunshan Lucheng rural banks. In 2013, it invested in the establishment of Xinyuan Fund Management Co., Ltd., and in 2020, it wholly established Nanyin Wealth Management Co., Ltd. In 2022, it held a controlling stake in Nanyin FaBa Consumer Finance Co., Ltd. Nanjing Bank has been relatively early and experienced in exploring comprehensive operations