Ningxia Yellow River Rural Commercial Bank has been approved to increase its stake in Tongxin Rural Commercial Bank, raising its shareholding ratio to 46.78%.

The information from the Ningxia Financial Regulatory Bureau shows that the bureau has approved Ningxia Yellow River Rural Commercial Bank to subscribe for 24.9 million shares of Ningxia Tongxin Rural Commercial Bank. After the investment, the proportion of shares held by Yellow River Rural Commercial Bank in Tongxin Rural Commercial Bank will increase from 21.62% to 46.78%.