news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

information from the hong kong stock exchange shows that the prospectus submitted by yibin commercial bank (hereinafter referred to as "yibin commercial bank") headquartered in sichuan six months ago has expired again.

it is understood that yibin commercial bank submitted the prospectus for the first time on june 30, 2023, but the prospectus did not pass the hearing until it expired in 6 months. after updating the prospectus data, the bank made a second attempt to seek listing on the hong kong stock exchange at the end of march this year.

prior to this, the bank had publicly shouted the slogan of "strive for 2023 and ensure listing in 2025." it is worth mentioning that wuliangye group is now the largest shareholder of the bank, holding nearly 20% of the shares.

wuliangye ranks as the largest shareholder

according to disclosures, the hong kong stock prospectus submitted by yibin commercial bank at the end of march this year was six months old and expired on september 28. china construction bank international and icbc international were its joint sponsors when the form was submitted. previously, the bank had expired after submitting its statement for the first time at the end of june 2023.

it is understood that yibin commercial bank is a city commercial bank restructured and established on the basis of the original yibin city credit cooperative. it was established at the end of 2006 with an initial registered capital of less than 110 million yuan. wuliangye group was the largest shareholder of the bank at the time of its establishment.

since its establishment, the bank has successively conducted four rounds of large-scale capital increases and share expansions. among them, through the first round of capital increase launched in 2008, the bank introduced large enterprises such as china three gorges corporation, sichuan airport group, sichuan furun group, and sichuan hydropower group as shareholders.

at the end of 2015, yibin commercial bank completed the second round of capital increase and share expansion, introducing legal shareholders such as chaoyu group and tianfeng securities, and the total share capital also increased to 1.2 billion shares.

the third round of capital increase and share expansion was launched in 2017, but the plan was adjusted several times and did not get on track until 2020. before the capital increase, tianfeng securities, wuliangye group, and jiaxing jiayuan information technology were the top three shareholders of the bank, with shareholding ratios of 14.57%, 13.16%, and 9.95% respectively.

through the third round of capital increase and share transfer, the total share capital of yibin commercial bank increased to 2.823 billion shares, of which wuliangye group returned to the largest shareholder, holding approximately 19.99% of the shares; yibin municipal finance bureau, yibin cuiping district finance bureau, yibin south xi district finance bureau holds approximately 19.987%, 19.98%, and 8.12% of the shares respectively.

at the end of 2021, the bank completed the fourth round of capital increase and share expansion, with the registered capital increasing to 3.9 billion yuan. among them, the shareholding ratios of wuliangye group, yibin municipal finance bureau, and yibin cuiping district finance bureau remained unchanged, while yibin nanxi district finance bureau increased its shareholding to 16.94%.

as a city commercial bank with liquor genes, yibin commercial bank has also made many arrangements in the liquor industry. the prospectus shows that the bank has established two professional branches, including wuliangye sub-branch and jiusheng road sub-branch, dedicated to serving yibin’s advantageous liquor industry, which currently consists of more than 300 companies.

listing plan progresses steadily

in fact, yibin commercial bank's listing plan had not been brewing for too long before the two submissions, but the overall progress was quite rapid.

at the end of 2021, the bank officially announced the goal of "accelerating the construction of a 100 billion listed bank", specifically: the asset scale will reach more than 70 billion yuan in 2022, and strive to ensure listing in 2025 by 2023, with total assets of more than 100 billion yuan in 2025.

in early november 2022, the bank publicly selected accounting firms, joint sponsors, lead underwriters and overall marketing coordinators for h-share ipo projects, taking a key step towards hong kong stock listing.

in late november of the same year, yibin commercial bank reported that xue feng, secretary of the party committee and chairman of the bank, accompanied the relevant person in charge of the sichuan securities regulatory bureau during a survey of the bank and said that the bank has the conditions to list on the hong kong stock market and has outstanding listing advantages.

at the same time, xue feng revealed the bank’s new goal: to make every effort to become a leading bank in the west with “a+h” listings in both places, an asset scale of 300 billion to 500 billion yuan, excellent governance, and outstanding market competitiveness, and to further build a leading bank in the reform and development of the west. model bank.

at the bank's annual operating work meeting in february 2023, xue feng also emphasized that 2023 is a critical year for the bank to accelerate the creation of a 100 billion listed bank. "we must accelerate the listing work as this year's 'no. 1 project' , enhance development capabilities.”

in may 2023, the extraordinary general meeting of shareholders of yibin commercial bank reviewed and approved proposals related to changes in directors and supervisors, the purchase of the head office business building, and the listing of h shares. in june, the bank submitted its statement to the hong kong stock exchange for the first time, and then submitted its statement for the second time in march this year.

as of the end of last year, the bank's assets were approximately 86.3 billion yuan, and its non-performing loan ratio and provision coverage ratio were 1.61% and 354% respectively, which were better than the average level of city commercial banks.

in the past year, yibin commercial bank achieved operating income of 2.12 billion yuan, a year-on-year increase of 12.8%; net profit increased slightly to 460 million yuan year-on-year.

sichuan bank group ipo

in 2018, two inner-city commercial banks in sichuan province, bank of chengdu and bank of luzhou, successively entered the a-share and hong kong stock markets, and grew rapidly after their listing. other small and medium-sized banks in sichuan are ready to take action and have also revealed their intention to go public.

among them, at the end of 2022, chengdu rural commercial bank completed the listing counseling filing with the local securities regulatory bureau and received listing counseling from citic securities. prior to this, the bank completed the bidding for the a-share ipo sponsor (lead underwriter) procurement project at the end of 2021, and citic securities became the selected supplier.

according to the coaching work arrangement, the period from october 2023 to may 2024 is the later period of citic securities’ coaching work for chengdu rural commercial bank. the focus is on completing the coaching plan, conducting assessments and evaluations, and preparing ipo application documents.

it is understood that chengdu rural commercial bank was established in early 2010 and was one of the first rural commercial banks to be established in sub-provincial cities across the country. in 2020, chengdu rural commercial bank, which was originally part of the "anbang group", returned to the embrace of local state-owned assets, and then set the strategic goal of "strengthening its foundation in one year, meeting listing conditions in three years, and breaking one trillion in five years."

at the beginning of 2023, the former sichuan provincial local financial supervision and administration bureau announced the list of sichuan province's reserve enterprise resource pool for listing in 2022. four sichuan city commercial banks, namely leshan commercial bank, yibin commercial bank, mianyang commercial bank, and sichuan tianfu bank, were listed.

among them, mianyang commercial bank held a 2024 work conference at the beginning of the year and emphasized the need to "solidly promote and accelerate the pace of a-share ipos and accelerate capital-light and digital transformation."

the credit rating report issued by lianhe credit in july 2023 shows that leshan commercial bank will launch hong kong stock listing guidance work, and matters related to the launch of listing guidance work have passed the resolution of the bank's board of directors.

in addition, at the 2021 annual work conference, the then newly established bank of sichuan also proposed that it plans to basically achieve listing conditions in three years and enter the middle and upper reaches of provincial banks across the country in five years.