Over Half of 18 Chinese Banks Awaiting A-share IPO’s are Rural Commercial Lenders


Over half of the 18 lenders currently awaiting approval for A-share IPO’s in China are rural commercial banks, following a push by Chinese regulators to facilitate their funding sources and shore up their capital standing.

The China Securities Regulatory Commission (CSRC) recently made public the prospectuses of Chongqing Three Gorges Bank (重庆三峡银行) and Bank of Guangzhou, bringing the total number of banks in China awaiting A-share IPO’s to 18 in total.

Over half of these banks are rural commercial banks, with the full list including:

  1. Bank of Chongqing (重庆银行),
  2. Zhejiang Shaoxing Ruifeng Rural Commercial Bank (浙江绍兴瑞丰农商行),
  3. Shanghai Rural Commercial Bank (上海农商行),
  4. Xiamen Rural Commercial Bank (厦门农商行),
  5. Qilu Bank (齐鲁银行),
  6. Bank of Lanzhou (兰州银行),
  7. Jiangsu Hai’an Rural Commercial Bank (江苏海安农商行),
  8. Jiangsu Dafeng Rural Commercial Bank (江苏大丰农商行),
  9. Bank of Suzhou (湖州银行),
  10. Guangzhou Rural Commercial Bank (广州农商行),
  11. Guangdong Shunde Rural Commercial Bank (广东顺德农商行),
  12. Guangdong Hainan Rural Commercial Bank (广东南海农商行),
  13. Bank of Dongguan (东莞银行),
  14. Haozhou Yaodu Rural Commercial Bank (毫州药都农商行),
  15. Jiangsu Kunshan Rural Commercial Bank (江苏昆山农商行),
  16. Anhui Ma’anshan Rural Commercial Bank (安徽马鞍山农商行),
  17. Bank of Guangzhou (广州银行),
  18. Chongqing Three Gorges Bank (重庆三峡银行).

Shanghai Rural Commercial Bank recently updated its prospectus with CIRC, to indicate that it plans to issue 964 million to 2.893 billion shares to raise funds for supplementing its core tier-1 capital, which stood at 12.59% as of the end of 2019.

Shanghai Rural Commercial’s total assets stood at 930.287 billion yuan as of the end of 2019, for a YoY rise of 11.58%.

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