Deep Development Shareholders' General Meeting And A Peaceful Reorganization Plan

A big expansion is taking place in the banking sector, which carries Ma Ming Chi's dream of gold control.

In September 30th,

At the meeting, 76%.

According to people familiar with the matter, according to the ideas of Ping An Group and Ma Mingzhe, some departments in deep development are required to compile business plans in line with the objectives of the China Merchants Bank in the past 5 years.

However, Xiao Suining and Richard denied this at the shareholders' meeting. "There is no detailed plan to exceed any bank in that year."

Deep development of a person said that the bank in some business ahead of the China Merchants Bank is possible, but it is very difficult to fully catch up with the CMB, and each bank has different development models, each has its own development path.

76% shareholders vote in favour.

Or just one day before the National Day holiday, the shareholders' meeting will represent only about more than 40 people.

Outside the field has also set up a police command site for maintaining stability.

The shareholders' meeting deliberated and passed a total of 9 related bills on Shenzhen development, such as issuing shares to buy assets, and agreed that the bank signed a share subscription agreement with China Ping An and the related supplementary agreements.

The voting site was combined with the network. The shareholders representing the meeting had about 1 billion 900 million shares in the voting shares and 55% of the total number of voting shares.

The 8 motion relating to the purchase of assets by issuing shares received the approval rate of more than 76% of the voting shares.

Market participants had predicted that more than 90% of shareholders should agree with asset purchases; others were worried about the integration prospect, and deduced that the 70% approval rate was good and the final result was between two projections.

A dissenting shareholder suggested that Ping An Bank's valuation was rather high, and its profitability was poor according to historical data.

Xiao Suining responded that the deep development of Ping An Bank mainly buys the future, and its actual value still needs to be compared with the Bank of Nanjing and Ningbo bank in the market. At present, some indicators of Ping An Bank are low, such as assets income, credit income, earnings per share and so on, and the cost is relatively high, but in terms of dynamics, there is great potential for development.

{page_break}

In the view of Xiao Suining, the advantage of Ping An Bank is first reflected in the low loan ratio, which is 0.45%.

The bank's loan income is low, but its quality is high.

The high cost investment in the early stage will bring more benefits to the integrated bank and reduce the cost.

Moreover, Ping An Bank's valuation of 29 billion 100 million yuan has not taken into account the synergistic effect of Ping An Group on deep development. Due to the heavy workload, it is difficult to predict accurately.

Objective: China Merchants Bank?

Ping An group said that in mid - year, due to the completion of the Shenzhen development industry, Ma Mingzhe, who had just returned from abroad, put forward the bank's 5 year overtaking plan.

At the end of June, according to Ma Mingzhe's expectations, Richard formulated the 5 year plan for deep development.

Deep development staff said that the English version of the plan did not mention the specific asset size 5 years later. It only proposed that the merged deep development assets ranked the top ten in 5 years, and entered the top eight in 8 years.

According to media reports on September, Ma Mingzhe plans to achieve leapfrog development of the banking sector through the life insurance team, with the goal of the retail bank's ultra China Merchants Bank in 8 years.

In September 30th, Shenzhen development revealed that at present, some business departments were required to make business planning according to the target of catching up with China Merchants Bank in 5 years, and this goal was earlier than the 8 year deadline.

A brokerage industry silver industry analysts believe that the end of 6 this year, China Merchants Bank Assets 2 trillion and 600 billion, Shenzhen Development and Ping An Bank's total assets of only 900 billion, if 5 years to catch up with the CMB, according to the average annual growth rate of 40% growth, the average annual growth rate 20%.

However, China's economic growth is uncertain. In the past two years, it is difficult to sustain high growth rate. It is difficult for deep development to grow at an average annual rate of 40%.

"We particularly respect the China Merchants Bank. They have a lot of things to learn, but at present there is no plan to go beyond a bank.

Our goal is to be the best bank recognized by the market.

Richard told shareholders.

Xiao Suining also denied that he talked beyond the China Merchants Bank, but stressed that further development in the future will develop faster and better.

By leveraging the advantage of this strategic big shareholder, we can make further progress.

"The most important thing for banks to do is two points, one is capital adequacy, the two is to have enough and enough customers."

Xiao Suining said that in these two aspects, deep development can be easily obtained from safety.

So far, China Ping An has more than 56 million of its individual customers, 2 million of its clients, and has relatively rich capital and strong fund-raising capability.

Indeed, compared with other banks' long time accumulation of customers, deep development only needs to sell safe customers, thus gaining time advantage.

Ping An is indeed helping deep development marketing.

People familiar with the matter said that since July, Ping An Group has launched a push silver club membership system. In the national life insurance team, nearly 20 thousand personnel have been selected as a member of the push bank club in proportion to 4%.

A push silver company, which is a life insurance employee, boosts the banking business individually, which is equivalent to letting the Ping An Bank Sector increase 20 thousand part-time employees.

"But Ping An needs to get through the supervision of various departments. For example, according to the regulations of the banking supervision, only the banks can undertake the deposit business, and how to participate in the life insurance personnel need to be considered."

The brokerage analyst said.