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Investments

4

About Bank of Jiangsu

Bank of Jiangsu is based in China.

Bank of Jiangsu Headquarter Location

No. 26 Zhonghua Road

Nanjing, Jiangsu,

China

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Latest Bank of Jiangsu News

Chinese Banks Say Evergrande Loan Risks Are Controllable Chinese Banks Say Evergrande Loan Risks Are Controllable

Sep 23, 2021

(Yicai Global) Sept. 23 -- In the face of investor inquiries a number of Chinese lenders such as Industrial Bank and China Everbright Bank have publicly stated that the current loan risks involving debt-laden property developer China Evergrande Group are manageable. Six listed lenders -- Industrial Bank, China Everbright Bank, Bank of Jiangsu, Jiangsu Changshu Rural Commercial Bank, Wuxi Rural Commercial Bank, and China Zheshang Bank -- responded to questions about loans to Evergrande on investor platforms yesterday. In Evergrande’s 2020 annual report, 20 banks, including China Minsheng Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, and Agricultural Development Bank of China, are listed as the Shenzhen-based real estate developer’s main correspondent banks. Industrial Bank said that it has been strictly monitoring its credit business with Evergrande, and has only been involved in the financing of a small number of real estate development projects with good qualifications in first- and second-tier cities. The bank has sufficient collateral and pledge in existing businesses, without being involved in non-real estate sectors. China Everbright Bank noted that the current credit exposure of large companies in the bank are relatively controllable and will not have a substantial impact on its asset quality trend. China Zheshang Bank revealed that it has granted CNY3.8 billion (USD590 million) in credit to Evergrande, with sufficient collateral and pledge, and the overall risk is manageable. In the event of a risk situation, the bank will adopt risk control measures actively, and it will not have a significant impact on the bank’s business management and asset quality, it added. Bank of Jiangsu said its business with Evergrande is on a small scale, taking up a low proportion, with sufficient collateral and no risk exposure. Jiangsu Changshu Rural Commercial Bank said that as the end of August, it had one loan guaranteed with land to an Evergrande-controlled firm, with a loan balance of CNY3.91 million (USD605,268). Wuxi Rural Commercial Bank said it has no credit business with Evergrande. In addition, Shanghai Pudong Development Bank and Bank of Shanghai also responded to Evergrande’s problems at investor events on Sept. 17. SPDB said it has a small-scale business with Evergrande, with controllable risks. Bank of Shanghai, meanwhile, said that its cooperation with Evergrande is normal with relatively sufficient collateral. It will pay close attention to business operations and strengthen risk prevention and control. Earlier in July, China Minsheng Bank said that its credit businesses with Evergrande are mainly based on pledge and guarantees, which are sufficient and effective. Editor: Peter Thomas

Bank of Jiangsu Investments

4 Investments

Bank of Jiangsu has made 4 investments. Their latest investment was in Suyin Consumer Finance as part of their Unattributed on November 11, 2021.

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Bank of Jiangsu Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/4/2021

Unattributed

Suyin Consumer Finance

$312.93M

Yes

2

1/8/2020

Debt

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$99M

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10

7/30/2019

Debt

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$99M

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10

6/16/2017

Debt

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$99M

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10

Date

11/4/2021

1/8/2020

7/30/2019

6/16/2017

Round

Unattributed

Debt

Debt

Debt

Company

Suyin Consumer Finance

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Amount

$312.93M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

Bank of Jiangsu Acquisitions

1 Acquisition

Bank of Jiangsu acquired 1 company. Their latest acquisition was Suyin Financial Leasing on January 12, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/12/2017

Other

$99M

$113.37M

Corporate Majority

1

Date

1/12/2017

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

$113.37M

Note

Corporate Majority

Sources

1

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