Zhuhai China Resources Bank renamed to Guangdong China Resources Bank, with net profit dropping over 25% in the first half of last year.

Zhuhai China Resources Bank Completes Name Change

On February 28, Zhuhai China Resources Bank (hereinafter referred to as China Resources Bank) announced that, according to resolutions by the bank’s board of directors and shareholders’ meeting, and with approval from regulatory authorities, the bank’s name has been changed from “Zhuhai China Resources Bank Co., Ltd. (English name: CHINA RESOURCES BANK OF ZHUHAI CO., LTD.)” to “Guangdong China Resources Bank Co., Ltd. (English name: CHINA RESOURCES BANK OF GUANGDONG CO., LTD.),” abbreviated as “Guangdong China Resources Bank.”

China Resources Bank stated that the name change was approved by the Guangdong Regulatory Bureau of the China Banking and Insurance Regulatory Commission on February 11, 2026, and the related business registration procedures were completed on February 26, 2026, with the issuance of the Business License.

The bank emphasized that this is solely a change of organizational name, and its existing business relationships, legal relationships, and service commitments remain unchanged. Contracts, agreements, and documents signed under the name “Zhuhai China Resources Bank Co., Ltd.” remain valid during their effective periods; customer products such as bank cards, deposit certificates, passbooks, and electronic accounts bearing the original name are still valid; and the bank’s branches, customer service hotlines, online banking, and mobile banking services remain unchanged. Until all legal procedures required for the name change of each branch are completed, all documents, contracts, and agreements will continue to be issued and signed under the original name, and the original seals (including physical and electronic seals) will continue to be used.

Historically, China Resources Bank was established in December 1996. It originally started as a local city commercial bank formed by the restructuring of 11 urban credit cooperatives in Zhuhai. At its founding, it was called Zhuhai City Commercial Bank. In January 2010, China Resources Co., Ltd. and Zhuhai municipal government successfully restructured and renamed the bank. The main shareholders of China Resources Bank include China Resources Group, Southern Power Grid, China Electronics, Zhuhai Huafa Group, and state-owned enterprises controlled by the Nanshan District government of Shenzhen. As of the end of June 2025, China Resources Bank had established 10 branches, 127 sub-branches, and 1 fund operation center across Zhuhai, Shenzhen, Zhongshan, Foshan, Dongguan, Huizhou, Guangzhou, Jiangmen, and Zhaoqing.

In terms of business operations, China Resources Bank is no longer limited to Zhuhai. Its branch network covers economically developed cities in the Greater Bay Area, with outlets in all cities except Hong Kong and Macau. The bank also holds stakes in one rural bank each in Deqing County, Zhaoqing City, Guangdong Province, and Baise City, Guangxi Zhuang Autonomous Region.

According to the Q3 2025 information disclosure report, as of the end of September last year, China Resources Bank’s total assets under consolidated accounting reached 458.14 billion yuan, with total liabilities of 422.70 billion yuan.

According to the credit rating report for China Resources Bank’s 2025 Tier 2 Capital Bonds (Phase II) disclosed by Zhongzheng Pengyuan, in the first half of 2025, the bank achieved operating income of 3.242 billion yuan and net profit of 471 million yuan. As of the end of June 2025, the bank’s non-performing loan ratio was 1.64%, down 0.01 percentage points from the end of 2024; the loan loss reserve coverage ratio was 164.14%, down 8.56 percentage points from the end of 2024.

The rating report states that, influenced by the overall decline in market interest rates and intense regional competition among peers, Zhuhai China Resources Bank’s net interest margin has continued to narrow in recent years. Additionally, amid rising credit risks, the bank has increased its provisioning efforts. As a result, its net profit and return on equity have declined. From January to June 2025, the bank achieved a net profit of 471 million yuan, a year-on-year decrease of 25.87%. Future changes in net interest margin, market volatility, and asset quality will need to be monitored for their potential impact on the bank’s profitability.