Chouzhou Bank is a formal bank with the functions and business of an ordinary bank. After all, banks are similar in form, but their respective business capabilities and business levels may be significantly different.
Zhejiang Chouzhou Commercial Bank is a joint-stock commercial bank with independent legal personality established in June 1987. Since 1998, it has won Yiwu City’s “Economic Development Contribution Award” and “Comprehensive Strength Award”. The head office and branches have been awarded honorary titles such as AAA Tax Credit Enterprise, Outstanding Contribution to Charity, Civilized Unit, Women’s Civilized Demonstration Post, and Advanced Public Security Unit by relevant provincial, prefectural, and municipal departments for many times. In 2007, it was selected as one of the “Top Ten Most Competitive Brands of Chinese City Commercial Banks” and “Top Ten National Commercial Banks Supporting the Development of Small and Medium-sized Enterprises”. In the "2007-2008 China Commercial Bank Competitiveness Ranking" released by "The Banker" magazine in 2008, Zhejiang Chouzhou Commercial Bank won the "Fifth National Comprehensive Ranking of City Commercial Banks in 2008" and "National Medium-sized City Commercial Bank Competition" Ranked third.”
1. Establish background normality. The full name of Chouzhou Bank is Zhejiang Chouzhou Commercial Bank, and its original name is Wuchouzhou Credit Cooperative. Yiwu Chouzhou Credit Cooperative was established in June 1987 and transformed into a joint-stock system in 2005. In August 2006, with the approval of the China Banking Regulatory Commission, Chouzhou Bank officially became a listed joint-stock bank. Judging from the background of its establishment, Chouzhou Bank is a very formal commercial bank.
2. Normalize the business scope. The main business scope of Chouzhou Bank is to absorb public deposits; issue short-term, medium-term and long-term loans; issue financial bonds, etc. We can see that it is no different from state-owned banks. Chouzhou Bank can carry out any business approved by the banking regulatory authority of the State Council. Therefore, judging from the business scope of Chouzhou Bank, this bank is also formal.
3. The regularity of expected returns in financial management. Xi Jun took the Rongfan structured deposit of JD Finance Chouzhou Bank as an example. The expected return rate of the 96-day product is 5.05%, and the expected return rate of the 182-day product is 5.26%, which is indeed slightly higher than other bank structured deposit products. However, compared with financial products of the same period, this expected rate of return is within a reasonable range.
4. Regularity of asset scale. The asset size of a bank often reflects the bank's economic strength and operating capabilities. Since 1987, Chouzhou Bank has become a commercial bank with assets exceeding 200 billion and deposits exceeding 100 billion. Chouzhou Bank has been ranked among the top 500 global banks for five consecutive years, which also proves that it is a very powerful and competitive commercial bank!