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With CITIC Construction Investment as the sponsor, Kunshan Rural Commercial Bank invested heavily in several funds of CITIC Prudential under CITIC Group on the eve of its IPO

"China Science and Technology Investment" by Long Min and Long Qiuyue

Since the beginning of this year, three banks have withdrawn their IPO applications, and there are still seven banks queuing for A-share IPOs. In 2016, Jiangsu Kunshan Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Kunshan Rural Commercial Bank") officially started its IPO preparations, with CITIC Construction Investment (601066.SH) as the sponsor. Kunshan Rural Commercial Bank updated the latest prospectus and other IPO documents in March 2023, and the current listing application status is still "accepted". Recently, the impact of the CITIC Construction Investment Securities intern short video incident has continued to ferment, and the company's data confidentiality management, compliance management and other issues have attracted market attention.

Kunshan Rural Commercial Bank updated its prospectus in December 2018, June 2019, and March 2023. The reporter sorted out the prospectus and found that in November 2018, Kunshan Rural Commercial Bank bought a public fund of CITIC Prudential Fund Management Co., Ltd. (hereinafter referred to as "CITIC Prudential") under CITIC Group, with a book value of 295 million yuan as of December 31, 2018; from 2020 to 2021, Kunshan Rural Commercial Bank once again bought three public funds of CITIC Prudential Fund, with a total book value of 4.542 billion yuan as of June 30, 2022, accounting for 46.12% of the bank's various public fund assets.