HSBC approved to subscribe to an additional registered capital of 15 million yuan for Yong'an HSBC Village Bank

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On March 10th, the Sanming Regulatory Branch of the National Financial Regulatory Administration issued a reply approving Yong’an HSBC Village Bank to implement the “Fujian Yong’an HSBC Village Bank Limited Liability Company Capital Increase Plan.” The bank will issue an additional RMB 15 million in registered capital to HSBC Hong Kong Shanghai Banking Corporation Limited, which will subscribe to the new registered capital with RMB 15 million in cash.

The reply requires that Yong’an HSBC Village Bank’s capital change work must strictly follow relevant laws, regulations, and rules, perform legal procedures, operate in compliance with the law, and ensure the orderly progress of the change.

(National Financial Regulatory Administration)

(Edited by: Qian Xiaorui)

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