Xinjiang Huihe Bank Co.

What Xinjiang Huihe Bank Co. does

Xinjiang Huihe Bank Co. (新疆汇和银行股份有限公司) is a regional joint-stock commercial bank headquartered in Kuitun, Xinjiang, China. The bank was established in 2009 through the upgrade of Kuytun City Urban Credit Cooperative into Kuytun City Commercial Bank, then renamed Xinjiang Huihe Bank in 2010. It operates 11 branches across five cities — Kuitun (6), Urumqi (3), Yili (1), Shihezi (1), and Huoerguosi (1) — and serves individual retail customers, small and medium enterprises, farmers, agricultural product processing enterprises (notably cotton and tomato processors in the Kuytun and 7th Division region), government departments, and import/export firms.

The bank offers a full suite of personal and corporate banking products including demand, time, notice, and installment savings deposits; corporate working capital, mortgage, pledge, credit, and entrusted loans; wealth management products under the Huiying Caifu (汇盈财富), Tiantian Huidemi (天天汇得益), and Huizunxiang (汇尊享) series with reported yields of 3.85-4.10%; and agency services for funds, government bonds, precious metals, and insurance. International business includes current and capital account foreign exchange accounts, NRA accounts, letters of credit, documentary collections, packing loans, and import/export financing through SWIFT membership. The bank issues a proprietary Huihe Card debit card on the UnionPay network and a corporate card (公务卡), and operates a corporate/government expense management credit card product.

The bank is a member of SWIFT, accepts UnionPay, uses CFCA digital certificates for authentication, and uses ICBC (Guangzhou Branch) as custodian for wealth management products. Its core banking system was transitioned from account-centric to customer-centric architecture. Digital distribution channels include personal and corporate internet banking, mobile banking, WeChat banking (free of charge), a direct banking (直销银行) platform launched in 2018 enabling remote account opening with ID verification, and ATM/self-service banking. The workforce averages 28 years in age for young cadres with 96.23% holding bachelor's degrees or above. The bank is privately held with no public listing and reports no disclosed revenue figures.

Name

Xinjiang Huihe Bank Co.

Legal name

新疆汇和银行股份有限公司

Website

http://www.bohuihe.com

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Xinjiang Huihe Bank is a privately held regional commercial bank headquartered in Kuitun, Xinjiang, China, operating 11 branches across five cities and serving retail customers, SMEs, farmers, and agricultural product processors with deposits, loans, wealth management, and trade finance.

Ownership category

akta.pro rank

Headquarters

HQ city

Kuitun

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking interest spread revenue from personal and corporate loans including working capital loans, mortgage loans, credit loans, agricultural loans, and secured loans
2. Corporate Banking Services: Fee income from corporate deposits, financing (working capital loans, guaranteed loans, pledge loans), and intermediate business (banker's acceptances, bank guarantees, entrusted loans)
3. Wealth Management Products: RMB wealth management products (Huiying Caifu series) with net asset value announcements, generating management fees from investment returns exceeding performance benchmarks
4. Electronic Banking Services: Online banking, mobile banking, WeChat banking services with transaction fees for transfers and other electronic services
5. International Business: Foreign exchange services including current account foreign exchange accounts, capital account foreign exchange accounts, NRA accounts, international settlement, letter of credit services, and trade financing
6. Agency Insurance: Bancassurance distribution through commissioned insurance sales to retail customers

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels5 records

Core offering

Xinjiang Huihe Bank Co. is a regional joint-stock commercial bank headquartered in Kuitun, Xinjiang, providing personal banking (savings, loans, wealth management, agency services), corporate banking (deposits, working capital loans, entrusted loans, banker's acceptances), and international settlement services (letters of credit, foreign exchange, import/export financing). The bank operates 11 branch locations across Kuitun, Urumqi, Yili, Shihezi, and Huoerguosi, and distributes digital banking channels including direct banking, mobile banking, personal and corporate internet banking, and WeChat banking.

Product overview

Xinjiang Huihe Bank Co. is a regional commercial bank headquartered in Kuitun, Xinjiang, offering a comprehensive portfolio of banking products and services. The bank's offerings span personal financial services (savings deposits, personal loans including credit, mortgage, pledge, and business loans, wealth management products including 汇盈财富, 天天汇得益, and 汇尊享 series, as well as funds, foreign exchange, government bonds, and insurance agency), corporate banking (corporate deposits, working capital and secured loans, entrusted loans, banker's acceptances, letters of guarantee), and digital banking platforms (direct banking app, mobile banking, personal and corporate internet banking, and WeChat banking). The bank also provides international trade and settlement services including letters of credit, documentary collections, import/export finance, and foreign exchange services, along with UnionPay-accepting debit cards branded as 汇和卡 and corporate credit cards. The bank operates across Kuitun, Urumqi, Yili, and Shihezi with 11 branch locations.

Differentiator

Problem solved

Functional benefit

Brands

• 汇和卡: The bank's proprietary debit card brand under the slogan '汇集财富，和谐发展' (Gather wealth, harmonious development)
• 汇盈财富
• 天天汇得益
• 汇尊享

Products and services

• Entrusted Loans (委托贷款)
• Working Capital Loans (流动资金贷款)
• Government Bonds (国债)
• Precious Metals (贵金属)
• Mutual Funds (基金)
• Foreign Exchange Services (外汇)
• RMB Wealth Management Products (人民币理财产品)
• Huiying Wealth (汇盈财富) Series
• Huihe Card (汇和卡) Debit Card
• Corporate/Government Card (公务卡)

Quantifiable outcome

• 汇盈财富71号到期收益率3.85%，兑付客户本金及收益34206972.80元
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• SWIFT (环球同业银行金融电讯协会)coreTechnology or IntegrationMember of SWIFT system; maintains accounts in USD, HKD, JPY, EUR, GBP, AUD for international remittance services. Enables fast and efficient international wire transfers for trade and non-trade purposes.
• China Financial Certification Authority (CFCA/中国金融认证中心)coreTechnology or IntegrationThird-party certification authority issuing digital certificates for online banking security. Ensures secure transactions with trusted digital certificate authentication for personal and corporate internet banking.
• China UnionPay (银联)coreTechnology or IntegrationUnionPay network for debit card (汇和卡) acceptance at domestic and overseas merchants and ATMs. Enables card payments at all UnionPay-enabled POS terminals and cash withdrawals at UnionPay ATMs.
• Industrial and Commercial Bank of China (ICBC/工商银行)coreTechnology or IntegrationWealth management products (Huiying Caifu series) custodial bank. ICBC Guangzhou Branch serves as custodian for wealth management product funds, providing independent fund custody services.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Bank of Lanzhou: Regional city commercial bank headquartered in Lanzhou, Gansu province, serving SMEs and local residents with similar deposit, loan, and wealth management products. Comparable in scale to Xinjiang Huihe and operates in a neighboring western China provincial capital, making it a strong structural analog.
• Bank of Guizhou: Regional commercial bank in southwestern China serving SMEs, agricultural, and retail customers. Comparable in geographic focus on a less-developed western province and in product mix (deposits, loans, wealth management), making it a strong operating model benchmark.
• Harbin Bank: City commercial bank in northeastern China with a strong SME and agricultural lending franchise. Like Xinjiang Huihe, it serves a peripheral region with sector-specific lending expertise and competes against large state-owned banks in a less-developed provincial market.
• Bank of Chongqing: Regional commercial bank serving western China with full retail, corporate, and wealth management offerings. Structurally similar to Xinjiang Huihe as a province-focused city commercial bank with similar digital and product ambitions.
• Qilu Bank: Shandong-based city commercial bank with comparable retail and SME banking focus. Relevant for benchmarking capital efficiency, digital transformation pace, and wealth management scale at a similar regional commercial bank echelon.
• Bank of Sichuan: Newly formed western China regional bank formed from merger of several city commercial banks. Highly relevant to Xinjiang Huihe given the 2025 extraordinary shareholder meeting and service suspension signals, which suggest similar restructuring pressures may be at play.

Broad incumbents

• Bank of Ningbo: Larger and more successful city commercial bank that has scaled beyond its regional base. While larger, it represents the aspirational trajectory for a city commercial bank that could apply to Xinjiang Huihe if it successfully leverages its digital and agricultural finance platforms.
• Bank of Hangzhou: Zhejiang-based city commercial bank with strong SME and digital banking franchises. Comparable on the digital banking dimension (early digitalization, tech-driven lending) which is relevant to Xinjiang Huihe's direct banking strategy.
• Bank of Suzhou: Jiangsu-based city commercial bank focused on SME and retail customers in a developed regional economy. Relevant as a comparable regional bank that has scaled wealth management and corporate banking, providing a benchmark for what Xinjiang Huihe could grow into.
• Bank of Guangzhou: Guangdong-based city commercial bank serving SMEs and retail customers with a full product suite. Comparable in product breadth and target customer segments, providing a benchmark for fee income diversification and wealth management scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xinjiang Huihe Bank Co.