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"excerpt": "Huaxia Bank (华夏银行) is a Beijing-headquartered national joint-stock commercial bank founded in October 1992, listed on the Shanghai Stock Exchange since September 2003 under code 600015.",
"snippet": "Huaxia Bank (华夏银行) is a Beijing-headquartered national joint-stock commercial bank founded in October 1992, listed on the Shanghai Stock Exchange since September 2003 under code 600015.",
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"markdown": "# Huaxia Bank\n\n**Huaxia Bank** (华夏银行; full name Hua Xia Bank Co., Limited) is a Beijing-headquartered national joint-stock commercial bank founded in October 1992, listed on the [Shanghai Stock Exchange](https://www.edgepedia.org/shanghai-stock-exchange) since September 2003 under code 600015, and ranked 47th globally by tier-1 capital in The Banker's July 2025 Top 1000 World Banks ranking.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) • [2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) It is one of China's ten A-share joint-stock listed banks, alongside [China Merchants Bank](https://www.edgepedia.org/china-merchants-bank), Industrial Bank, CITIC, Ping An, Everbright, SPDB, Minsheng, Bohai, and Zheshang.[3](https://www.ey.com/content/dam/ey-unified-site/ey-com/en-cn/newsroom/2025/5/documents/ey-listed-banks-in-china-2024-review-and-outlook-en.pdf)\n\n| Key fact | Detail |\n|---|---|\n| Founded / listed | Founded in Beijing in October 1992; joint-stock reform completed April 1996; Shanghai A-share listing September 2003 as China's fifth listed bank (code 600015)[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) |\n| Size (end-2025) | Total assets RMB 4,737,619 million (+8.25% year-on-year); loans RMB 2,566,666 million; deposits RMB 2,381,699 million[2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) |\n| Network (end-2025) | 43 tier-1 branches, 79 tier-2 branches, 943 outlets in 120 prefecture-level-or-above cities; 36,200 employees[2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) |\n| Asset quality (end-2025) | NPL ratio 1.55%; provision coverage 143.30%, down 18.59 percentage points in one year[2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) |\n| Profitability | 2025 net profit RMB 27.200 billion, down 1.72%; NIM 1.56%; 2024 ROE 8.84%[4](https://star.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-03-31/600015_20260331_5ZX0.pdf) • [5](https://finance.biggo.com/news/SpHiQ50BvthpMgHBvRcP) • [1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) |\n| Ownership | Shougang Group 21.68% (Beijing SASAC-controlled), Guowang Yingda 19.33%, PICC P&C 16.11%, Beijing Infrastructure Investment 10.86% (end-2024)[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) |\n| Leadership | Chairman Yang Shujian (since February 2025); President Qu Gang (since March 2024)[6](https://finance.biggo.com/news/t8s1Bp4BDXrLZJaANLuQ) |\n\n## Founding history and the Shougang lineage\n\nThe bank was registered on 14 October 1992 with [People's Bank of China](https://www.edgepedia.org/peoples-bank-of-china) approval as a nationwide commercial bank, and it completed its joint-stock restructuring on 10 April 1996.[7](https://www.hxb.com.cn/images/jrhx/tzzgx/xxpl/dqbg/2024/09/02/B9520D4A9DCA1E15446EE11B00A70706.pdf) Its founding registered capital was RMB 4.2 billion (US$520 million), and the original first two shareholders were the steel group Shougang Group and Shandong Electric Power Corporation.[8](https://www.chinadaily.com.cn/english/doc/2005-10/18/content_485820.htm) The Shougang connection remains the bank's defining ownership feature: Shougang, controlled by the Beijing State-owned Assets Supervision and Administration Commission, held 21.68% at end-2024, and Beijing Infrastructure Investment, another Beijing municipal entity, held 10.86%.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF)\n\n## The Deutsche Bank stake and who owns it now\n\n**Foreign strategic investment.** In October 2005 a consortium of [Deutsche Bank](https://www.edgepedia.org/deutsche-bank) and Sal Oppenheim signed a binding agreement to buy 587.2 million shares, a 14% stake, for EUR 272 million (US$329 million), with Deutsche Bank taking 9.9% and Sal Oppenheim 4.1%.[8](https://www.chinadaily.com.cn/english/doc/2005-10/18/content_485820.htm) The partnership covered credit cards, affluent-customer business, investment product distribution, and cash management, plus technical support in risk management and governance, with one board seat.[8](https://www.chinadaily.com.cn/english/doc/2005-10/18/content_485820.htm) After acquiring Sal Oppenheim's stake, Deutsche Bank held 17.12% (855 million shares), surpassing Shougang Group, which had previously held 13.98%.[9](https://institutionalassetmanager.co.uk/deutsche-bank-becomes-biggest-shareholder-chinas-huaxia-bank/) At the time, Chinese rules capped a single foreign institution at 20% of a Chinese bank and combined foreign stakes at 25%, and the bank stated it had no controlling or effectively controlling shareholder.[9](https://institutionalassetmanager.co.uk/deutsche-bank-becomes-biggest-shareholder-chinas-huaxia-bank/)\n\n**The exit.** In December 2015 Deutsche Bank agreed to sell its entire 19.99% stake to PICC Property and Casualty for a consideration of RMB 23.0 to 25.7 billion, subject to regulatory approvals including that of the China Banking Regulatory Commission.[10](https://www.db.com/news/detail/20151228-picc-property-and-casualty-company-limited-to-acquire-deutsche-bank-s-entire-stake-in-hua-xia-bank?language_id=1) • [11](https://www.sec.gov/Archives/edgar/data/1159508/000119312515415537/d112014d6k.htm) The completed sale totaled around RMB 23.2 billion (US$3.37 billion), at the lower end of the range Deutsche Bank had hoped for, and the sum includes dividends paid to Deutsche Bank earlier in 2015.[12](https://www.reuters.com/article/business/deutsche-bank-says-sells-chinas-hua-xia-bank-stake-for-337-billion-idUSKBN13D18R/) PICC P&C remains the third-largest holder at 16.11%, behind Shougang (21.68%) and Guowang Yingda International Holdings (19.33%).[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF)\n\n## Business and network\n\nAt end-2024 the bank operated 44 tier-1 branches, 78 tier-2 branches, and 963 outlets in 120 prefecture-level-or-above cities, with 38,300 employees; by end-2025 the network had contracted to 43 tier-1 branches, 79 tier-2 branches, 943 outlets, and 36,200 employees.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) • [2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) Total loans stood at RMB 2,366,317 million and deposits at RMB 2,151,370 million at end-2024.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF)\n\n**Policy-aligned growth lines.** In 2024 technology-type enterprise loans reached nearly RMB 160 billion, growing 4.81 percentage points faster than total loans; green loans exceeded RMB 300 billion for the first time, growing 10.06 percentage points faster; and small and micro enterprise loans were RMB 601,526 million, up 2.83%.[13](https://wap.hxb.com.cn/jrhx/hxzx/hxxw/2025/04/127035.shtml) The bank created China's first digital carbon-emission-backed financing project, in the Greater Bay Area, and its cross-border RMB receipts and payments totaled RMB 123,086 million in 2024, up 20.20%.[13](https://wap.hxb.com.cn/jrhx/hxzx/hxxw/2025/04/127035.shtml) • [14](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_24/ar_24_eng.pdf) In H1 2025 it issued RMB 10 billion of sci-tech innovation bonds.[15](http://static.cninfo.com.cn/finalpage/2025-08-29/1224609812.PDF)\n\n## By the numbers\n\nThe balance sheet grew steadily through the period: total assets moved from RMB 4,254,766 million at end-2023 to RMB 4,376,491 million at end-2024 (+2.86%), and RMB 4,737,619 million at end-2025 (+8.25%).[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) • [2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) The reported NPL ratio improved each year, from 1.67% (end-2023) to 1.60% (end-2024) to 1.55% (end-2025); the bank described the 2024 ratio of 1.60% as its lowest in nine years.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) • [2](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf) • [13](https://wap.hxb.com.cn/jrhx/hxzx/hxxw/2025/04/127035.shtml)\n\n**Profitability moved the other way.** Net interest margin fell from 2.10% in 2022 to 1.82% in 2023, 1.59% in 2024, and 1.56% in 2025; in 2024 net interest income dropped 11.89% to RMB 62,063 million while non-interest income rose 54.11% to RMB 35,083 million.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) • [5](https://finance.biggo.com/news/SpHiQ50BvthpMgHBvRcP) 2024 net profit rose 4.98% to RMB 27,676 million on operating income of RMB 97,146 million (+4.23%), with weighted average ROE of 8.84%.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) In 2025 the direction reversed: operating income fell 5.39% to RMB 91,914 million and net profit fell 1.72% to RMB 27.200 billion, the bank's first simultaneous revenue and profit decline in five years.[4](https://star.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-03-31/600015_20260331_5ZX0.pdf) • [6](https://finance.biggo.com/news/t8s1Bp4BDXrLZJaANLuQ) The H1 2025 interim report showed revenue down 5.86% and net profit down 7.95%, with the profit decline narrowing by 6.09 percentage points versus the first quarter.[15](http://static.cninfo.com.cn/finalpage/2025-08-29/1224609812.PDF)\n\nCapital ratios at end-2024 were 9.77% core tier-1, 11.70% tier-1, and 13.44% total.[1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF)\n\n## How it compares with other joint-stock banks\n\nIts headline asset-quality numbers are weaker than the listed-bank averages: the listed banks' weighted average NPL ratio was 1.26% at end-2024 against Huaxia's 1.60%, and their weighted average provision coverage was 237.10% against Huaxia's 161.89%.[3](https://www.ey.com/content/dam/ey-unified-site/ey-com/en-cn/newsroom/2025/5/documents/ey-listed-banks-in-china-2024-review-and-outlook-en.pdf) • [1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF) Its capital ratios are also below the listed-bank averages of 11.53% common equity tier-1, 13.19% tier-1, and 16.58% total CAR.[3](https://www.ey.com/content/dam/ey-unified-site/ey-com/en-cn/newsroom/2025/5/documents/ey-listed-banks-in-china-2024-review-and-outlook-en.pdf) • [1](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF)\n\nAgainst faster-growing city commercial banks the gap is wider. In Q1 2026 Huaxia's asset growth was 7.9%, versus 25.15% for Bank of Jiangsu, 13.64% for [Bank of Ningbo](https://www.edgepedia.org/bank-of-ningbo), and 10.69% for [Bank of Beijing](https://www.edgepedia.org/bank-of-beijing), and its annualized ROE was 1.25% versus 3.24% for Bank of Ningbo.[6](https://finance.biggo.com/news/t8s1Bp4BDXrLZJaANLuQ)\n\n## Recent developments\n\n**Leadership turnover.** Guan Wenjie resigned as president on 12 January 2024 and Qu Gang was appointed president on 28 March 2024.[7](https://www.hxb.com.cn/images/jrhx/tzzgx/xxpl/dqbg/2024/09/02/B9520D4A9DCA1E15446EE11B00A70706.pdf) Chairman Li Minji resigned in January 2025, with Qu Gang acting in the role during the vacancy, and Yang Shujian, a Bank of Beijing veteran, took over as chairman in February 2025.[6](https://finance.biggo.com/news/t8s1Bp4BDXrLZJaANLuQ) The 2025 annual report, signed on 27 March 2026, carries Yang Shujian as chairman and Qu Gang as president.[4](https://star.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-03-31/600015_20260331_5ZX0.pdf)\n\n**Restructuring.** In 2025 the bank cut its workforce by 2,185 people (5.61%), eliminated five head-office first-tier departments, and reorganized 26 departments, and wrote off over RMB 30 billion in loans.[6](https://finance.biggo.com/news/t8s1Bp4BDXrLZJaANLuQ) It completed internal governance procedures for the supervisory board reform among the first listed banks in H1 2025.[15](http://static.cninfo.com.cn/finalpage/2025-08-29/1224609812.PDF)\n\n**Dividends.** The bank increased cash dividend frequency and implemented an interim dividend in 2024.[13](https://wap.hxb.com.cn/jrhx/hxzx/hxxw/2025/04/127035.shtml) For 2025 the full-year cash dividend was CNY 4.20 per 10 shares, totaling CNY 6.68 billion, a payout ratio of 25.94%, up 0.9 percentage points, with an interim dividend for the second consecutive year.[5](https://finance.biggo.com/news/SpHiQ50BvthpMgHBvRcP)\n\n## References\n\n1. [华夏银行股份有限公司2024年年度报告摘要 (Huaxia Bank 2024 Annual Report Summary), SSE/cninfo filing](http://static.cninfo.com.cn/finalpage/2025-04-18/1223129827.PDF)\n2. [Hua Xia Bank Annual Report 2025 (English), HKMA repository](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_25/ar_25_eng.pdf)\n3. [EY, Listed Banks in China 2024: Review and Outlook](https://www.ey.com/content/dam/ey-unified-site/ey-com/en-cn/newsroom/2025/5/documents/ey-listed-banks-in-china-2024-review-and-outlook-en.pdf)\n4. [华夏银行2025年年度报告 (2025 Annual Report), SSE filing](https://star.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-03-31/600015_20260331_5ZX0.pdf)\n5. [Huaxia Bank President Details 2026 Strategy, BigGo Finance](https://finance.biggo.com/news/SpHiQ50BvthpMgHBvRcP)\n6. [Huaxia Bank Q1 2026 analysis, BigGo Finance](https://finance.biggo.com/news/t8s1Bp4BDXrLZJaANLuQ)\n7. [华夏银行2024年半年度报告 (2024 Interim Report), hxb.com.cn](https://www.hxb.com.cn/images/jrhx/tzzgx/xxpl/dqbg/2024/09/02/B9520D4A9DCA1E15446EE11B00A70706.pdf)\n8. [German banks sign agreement with Huaxia, China Daily (October 2005)](https://www.chinadaily.com.cn/english/doc/2005-10/18/content_485820.htm)\n9. [Deutsche Bank becomes biggest shareholder of Huaxia Bank, Institutional Asset Manager](https://institutionalassetmanager.co.uk/deutsche-bank-becomes-biggest-shareholder-chinas-huaxia-bank/)\n10. [PICC P&C to acquire Deutsche Bank's entire stake in Hua Xia Bank, Deutsche Bank press release (December 2015)](https://www.db.com/news/detail/20151228-picc-property-and-casualty-company-limited-to-acquire-deutsche-bank-s-entire-stake-in-hua-xia-bank?language_id=1)\n11. [Deutsche Bank Form 6-K, sale of Hua Xia Bank stake to PICC, SEC](https://www.sec.gov/Archives/edgar/data/1159508/000119312515415537/d112014d6k.htm)\n12. [Deutsche Bank sells Hua Xia Bank stake for $3.37 billion, Reuters](https://www.reuters.com/article/business/deutsche-bank-says-sells-chinas-hua-xia-bank-stake-for-337-billion-idUSKBN13D18R/)\n13. [华夏银行2024年年报发布丨稳中求进 以进促稳, official press release](https://wap.hxb.com.cn/jrhx/hxzx/hxxw/2025/04/127035.shtml)\n14. [HUA XIA BANK CO., Limited Annual Report 2024 (English), HKMA repository](https://vpr.hkma.gov.hk/statics/assets/doc/100334/ar_24/ar_24_eng.pdf)\n15. [华夏银行2025年半年度报告 (2025 Interim Report), SSE/cninfo filing](http://static.cninfo.com.cn/finalpage/2025-08-29/1224609812.PDF)\n\n---\n*Topic: Encyclopedia › Society and history › Economics and business › Finance › Banks (institutions and by country) › Banks in Asia-Pacific › Chinese banks*\n\n*Initially written Oct 10, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*\n\n*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*\n\nLicense: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license\n",
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