Zhejiang Chouzhou Commercial Bank is a joint-stock commercial bank with independent legal personality, which was established in June 1987. Since 1998, it has successively won the "Economic Development Contribution Award" and "Comprehensive Strength Award" in Yiwu. The head office and its branches have been awarded the honorary titles of AAA-level tax credit enterprise, outstanding contribution award to charity, civilized unit, civilized women's demonstration post and advanced public security unit by the relevant departments of provinces, prefectures and cities for many times. In 2007, it was selected as "Top Ten Most Competitive Brands of China City Commercial Banks" and "Top Ten National Commercial Banks Supporting the Development of Small and Medium-sized Enterprises". In the "Competitiveness Ranking of China Commercial Banks in 2007-2008" published by Banker magazine in 2008, Zhejiang Chouzhou Commercial Bank was awarded the "5th overall ranking of national city commercial banks in 2008" and the "3rd overall ranking of national medium-sized city commercial banks".
1. Establish the normality of the background. Chouzhou Bank is the full name of Zhejiang Chouzhou Commercial Bank, formerly known as Yiwu Chouzhou Credit Cooperative. Yiwu Chouzhou Credit Cooperative was established in June 1987, and was restructured into a joint-stock system in 2005. In August 2006, Chouzhou Bank officially became a listed joint-stock bank with the approval of China Banking Regulatory Commission. From the background of its establishment, Chouzhou Bank is a very formal commercial bank.
2. Normalization of business scope. Chouzhou Bank's main business scope is to absorb public deposits; Issue short-,medium-and long-term loans; Issue financial bonds and so on. We can see that it is no different from state-owned banks. Chouzhou Bank can carry out any business approved by the State Council Banking Regulatory Authority. Therefore, from the business scope of Chouzhou Bank, this bank is also formal.
3. The regularity of expected income of financial management. Xijun takes the structured deposit of Rong Fan, Chouzhou Bank of Jingdong Finance as an example. The 96-day product expected yield is 5.05%, and the 182-day product expected yield is 5.26%, which is slightly higher than other bank structured deposit products. However, compared with wealth management products in the same period, this expected rate of return is within a reasonable range.
4. Regularity of asset scale. The size of a bank's assets often reflects its economic strength and operating ability. Chouzhou Bank has changed from 1987 to a commercial bank with assets exceeding 200 billion and deposits exceeding 100 billion. Chouzhou Bank has squeezed into the list of the top 500 global banks for five consecutive years, which also proves that it is a very powerful and competitive commercial bank!