Reform and restructuring of city commercial banks continue to show results, Xinjiang Bank is promoting the absorption and integration of Huhebank.

According to the latest news from the Xinjiang Bank, the bank plans to hold an extraordinary general meeting of shareholders in late July to review a series of proposals related to the bank's merger, capital increase, share expansion, and change of registered capital. Prior verification by reporters indicated that after completing the merger with Korla Bank in 2024, Xinjiang Bank will continue to promote the absorption and integration of Xinjiang Huhe Bank. It is worth mentioning that Xinjiang Bank recently issued a supplier bidding invitation for the absorption and integration of Huhe Bank's technology system takeover and configuration testing services project.