According to the basic information table of companies applying for initial public offerings on the Shanghai Stock Exchange Main Board recently disclosed by the China Securities Regulatory Commission, it has received the withdrawal of the application from Xiamen Rural Commercial Bank.

According to a reporter from China Securities Journal, many banks have withdrawn their A-share listing applications in recent years.

Industry insiders said that the expansion trend of listed small and medium-sized banks will not change in the future. At present, small and medium-sized banks should sort out their existing problems and "replenish blood" through multiple channels on the basis of compliant operation.

 Optimize shareholding structure

  A relevant person from Xiamen Rural Commercial Bank said that the initiative to adjust the listing plan this time is intended to use the adjustment period to focus on sorting out and optimizing the equity structure, so as to lay a solid foundation for the next step of steady development and reapplying for listing.

  According to the data, Xiamen Rural Commercial Bank was formerly known as Xiamen Rural Credit Cooperative Association, and was later transformed into a joint-stock commercial bank. It was officially opened for business in July 2012.

As of the end of September 2021, the top ten shareholders of the bank include Xiamen Xiangyu Assets, Xiamen Port Holdings, Xiamen International Convention and Exhibition Holdings, Xiamen International Trade Financial Holdings, Fujian Aoyuan Group, Zhongrong Xinda Group, Xiamen Hongxin Weiye Investment, etc.

  Analysts said the unstable shareholding structure may be one of the reasons why Xiamen Rural Commercial Bank withdrew its listing application.

According to information released by the Shanghai No. 2 Intermediate People's Court on January 19, the court publicly auctioned 176 million shares of Xiamen Rural Commercial Bank held by Zhongrong Xinda Group from February 20 to 23, with a starting price of about 972 million Yuan.

  According to information disclosed by the Ali judicial auction platform in December 2021, about 105 million shares of Xiamen Rural Commercial Bank will be auctioned on December 31, 2021.

It is understood that the 105 million shares are held by Xiamen Hongxin Weiye Investment and will be split into 195 targets for auction, with a total starting price of about 421 million yuan.

The upsurge of listing of small and medium-sized banks continues

  According to incomplete statistics, in recent years, a number of small and medium-sized banks such as Shengjing Bank, Huishang Bank, Harbin Bank, and Guangzhou Rural Commercial Bank have filed to withdraw their A-share listing applications.

  On March 27, 2015, Shengjing Bank stated that since the bank's H-shares had been successfully listed, the sponsor of the listing application had withdrawn its A-share listing application to the China Securities Regulatory Commission.

On December 29, 2020, Guangzhou Rural Commercial Bank announced that in view of the adjustment of strategic planning, after careful consideration and careful research with intermediaries, it decided to withdraw the application for A-share issuance.

  However, the goals and plans for the subsequent issuance and listing of small and medium-sized banks have not changed.

Guangzhou Rural Commercial Bank stated that the bank's business is operating well, and the withdrawal of the A-share issuance application will not have a significant adverse impact on the bank, and will restart the A-share issuance application at an opportunity based on the actual situation.

  Wind data shows that as of February 20, there were still 12 small and medium-sized banks in the queue for listing, and 10 of them were in the "pre-disclosed update" state, including Bank of Huzhou, Bank of Dongguan, Bank of Guangzhou, Jiangsu Dafeng Rural Commercial Bank, Anhui Bank Ma'anshan Rural Commercial Bank, Guangdong Shunde Rural Commercial Bank, Xiamen Rural Commercial Bank, Bozhou Yaodu Rural Commercial Bank, Jiangsu Haian Rural Commercial Bank and Jiangsu Kunshan Rural Commercial Bank.

  The listing of small and medium-sized banks has also ushered in the support of many governments.

In January this year, the “14th Five-Year Plan for the Development of the Financial Industry in Hubei Province” issued by the People’s Government of Hubei Province clearly stated that it would support local corporate financial institutions to introduce qualified strategic investors, and accelerate the listing of key corporate financial institutions such as Hubei Bank and Hankou Bank. financing.

  Wind data shows that the listing process of commercial banks has accelerated significantly in recent years.

From 2016 to 2021, 8, 1, 3, 8, 1, and 4 banks have entered the A-share market each year, mainly small and medium-sized banks.