Zhuhai China Resources Bank officially renamed Guangdong China Resources Bank

The reporter: Xiong Yue

Zhuhai China Resources Bank Co., Ltd. announced on its official website that the bank has recently completed a change of business registration, officially changing its name from “Zhuhai China Resources Bank Co., Ltd.” to “Guangdong China Resources Bank Co., Ltd.” (hereinafter referred to as “Guangdong China Resources Bank”).

Business registration information shows that Guangdong China Resources Bank completed the relevant registration procedures on February 26, 2026. The bank stated that this is only a name change, and its existing business relationships, legal relationships, and service commitments remain unchanged.

Public information indicates that Guangdong China Resources Bank was established in December 1996, originally as Zhuhai City Commercial Bank Co., Ltd. (hereinafter “Zhuhai City Commercial Bank”). In January 2010, China Resources Group and Zhuhai municipal government carried out a strategic restructuring of Zhuhai City Commercial Bank, and it was officially renamed Zhuhai China Resources Bank Co., Ltd. the following year.

Since then, Guangdong China Resources Bank introduced Shenzhen State-owned enterprise Shenzhen Shenhuitong Investment Holding Co., Ltd. as its fourth-largest shareholder in 2019, and in 2022, it brought in two central enterprise strategic investors, China Southern Power Grid Capital Holding Co., Ltd. and Shenzhen China Electric Investment Co., Ltd., completing capital increases. As of the end of 2024, the bank’s top three shareholders were China Resources Corporation, China Southern Power Grid Capital Holding Co., Ltd., and Shenzhen China Electric Investment Co., Ltd., holding 49.77%, 18.24%, and 10.95% respectively.

Financial reports show that as of the end of 2024, Guangdong China Resources Bank’s total assets increased by 11.61% year-on-year to 434 billion yuan. In terms of operational indicators, in 2024, the bank’s revenue grew by 4.87% year-on-year to 7.132 billion yuan; net profit attributable to the parent was 444 million yuan, down 68.21% year-on-year. In its 2024 annual report, Guangdong China Resources Bank mentioned that it had assessed its existing risk assets and made provisions for credit impairment losses. In 2024, the bank accumulated credit impairment losses of 4.292 billion yuan, an increase of 44.64% compared to 2023.

Nankai University finance professor Tian Lihui told Securities Daily that the name change helps to weaken the regional attribute of Zhuhai, shifting from “Zhuhai local” to “the entire Guangdong Province,” which facilitates serving the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and attracting cross-regional customer resources.

According to reviews, it is not uncommon for commercial banks to change their company names, mostly regional small and medium-sized banks. Name changes are often accompanied by strategic upgrades, mergers, and reorganizations. For example, Guangdong Nanyue Bank Co., Ltd., also located in Guangdong Province, was transformed from Zhanjiang City Commercial Bank Co., Ltd.

Some regional small and medium-sized banks’ renaming reflects their pursuit of broader development space. Tian Lihui said, “The survival of regional small and medium-sized banks depends on deepening local roots, small-scale microbanking, and technological empowerment. First, they must stick to their local foundation, sinking services to counties, communities, and the end of the industrial chain, and deeply develop local characteristic industries. Second, they should focus on niche markets, leveraging regional resources to create exclusive products, avoiding direct price or scale competition with large banks. Third, they should embrace digital transformation, using financial technology to compensate for branch network limitations and improve service efficiency and coverage through mobile banking and online risk control.”