China Zheshang Bank Co Ltd

XTransfer, a global B2B cross-border trade payment platform, signed strategic cooperation agreements with China ZheShang Bank and Industrial Bank Co., Ltd. during the 26th China International Fair for Investment and Trade in Xiamen last week. The partnerships target key cross-border finance scenarios, including minor-currency collection in emerging markets and RMB conversion and withdrawal. XTransfer and CZ Bank jointly announced an all-currency settlement solution powered by XTransfer's X-Net global local-collection network, helping CZ Bank's export clients collect payments in local currencies across Africa, the Middle East, and Latin America. XTransfer and CIB also agreed to deepen collaboration in cross-border RMB clearing and minor-currency collection, handling international receipt declarations on behalf of foreign trade companies and crediting converted funds directly to onshore corporate accounts without affecting export tax rebates. The agreements were signed in the CIPS cross-border bank-enterprise cooperation zone, which this year's CIFIT hosted for the first time, bringing together over 70 Chinese and foreign banks. Bill Deng, Founder and CEO of XTransfer, said the partnerships create an end-to-end funding chain so that minor currencies no longer become a major headache on the road to global expansion.

China Zheshang Bank released its 2026 interim report. Total operating revenue was 33.256 billion yuan, up 0.02% from the same period last year. Net profit attributable to the parent company was 7.824 billion yuan, an increase of 157 million yuan, up 2.05% year-on-year. Net cash inflow from operating activities was 122.322 billion yuan, an increase of 165.664 billion yuan from the same period last year, marking a second consecutive year of growth. The company's latest asset-liability ratio was 94.28%, return on equity was 3.79%, and diluted earnings per share was 0.28 yuan. The number of shareholders was 196,200, and the top ten shareholders held 16.837 billion shares, accounting for 61.31% of total share capital.

Zheshang Bank released its 2026 interim report. In the first half of the year, it achieved operating revenue of 33.256 billion yuan, a slight year-on-year increase of 0.02 percent. Net profit attributable to shareholders of the bank was 7.824 billion yuan, up 2.05 percent year on year. In terms of the shareholder structure, Shandong International Trust Company Limited, referred to as Shandong International Trust, holds nearly 1.1 billion shares of Zheshang Bank, accounting for 4 percent of the total share capital, making it the fourth-largest shareholder. Data shows that Shandong International Trust has increased its holdings of Zheshang Bank A-shares for two consecutive quarters, with total additions exceeding 500 million shares in the first half of the year.

China Zheshang Bank announced that its shareholder, Zhejiang Haigang Investment and Operation Group, increased its holdings of the bank's A-shares by a total of 271 million shares through centralized bidding between March 9, 2026 and August 10, 2026, representing 0.99% of the bank's total share capital. Following this increase, the combined equity interest of Zhejiang Haigang Group and its concert parties reached an integer multiple of the 1% threshold.

China Zheshang Bank has completed the issuance of its 2026 perpetual capital bonds, first tranche, under Bond Connect, in the national interbank bond market. The issuance size is 30 billion yuan, with a coupon rate of 1.95 percent for the first five years, resetting every five years. The issuer has a conditional redemption option on the fifth year and each subsequent interest payment date. The bonds were book-built on August 5, 2026, and issuance was completed on August 7, 2026.