The bank market boom continues! The Bank of Guizhou to Hong Kong IPO
Home Stock Exchanges News The bank market boom continues! The Bank of Guizhou to Hong Kong IPO
Stock Exchanges News - February 16, 2019

The bank market boom continues! The Bank of Guizhou to Hong Kong IPO

The Bank of Guiyang, Guizhou Province, will usher in the second listed city commercial banks.

In February 13th, the Bank of Guizhou came to Hongkong IPO news, the scale of financing does not exceed $1 billion (equivalent to approximately HK $7 billion 800 million).

Remember last year, the Bank of Guizhou held a working meeting in 2017 2018, the development of the summary of the results at the same time, the work related to the prospect and arrangements, one of which is for: as soon as possible to achieve the listing standards, choose to visit the capital market. If IPO can be carried out smoothly, means that after the first Midwest in the A shares listed on the bank, the Bank of Guiyang, Guizhou Province, will usher in the second listed city commercial banks.

A solid growth performance

The Bank of Guizhou was formally established on October 11, 2012, in Zunyi, Anshun, Liupanshui three city commercial banks as the provincial local corporate financial institutions merger and reorganization established, is also the Guizhou provincial Party committee and provincial government under the leadership of the large state-owned enterprises and registered.

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Gelon exchange app query and display, as of 9 at the end of last year, Guizhou bank total assets reached 315 billion 347 million yuan, compared to 2017 at the end of the year (287 billion 400 million yuan) increased 27 billion 900 million yuan, an increase of 9.71%, exceeded 300 billion yuan mark; deposits 205 billion 644 million yuan, compared with 2017 at the end of growth 1.66%; 117 billion 761 million yuan of loans, compared with the end of 2017. In 2016 2017, up 32.64%; and the first three quarters of 2018, Guizhou bank achieved operating income of 7 billion 655 million yuan, 8 billion 457 million yuan and 6 billion 264 million yuan, net profit was 2 billion 169 million yuan, 2 billion 284 million yuan and 2 billion 137 million yuan, the overall results show a steady growth trend.

At the same time, the Bank of Guizhou to maintain a high quality of assets, promote the non-performing loan ratio continued to decline, At the end of 2016, at the end of 2017 and 9 at the end of 2018, non-performing loan ratio was 1.85%, 1.54% and 1.14%, the average level is far below the industry of commercial banks and the banking industry in Guizhou province.

It is also worth noting that Moutai (600519.SH) group is the second largest shareholder of the Bank of Guizhou.

Gelon exchange app query and display, as of 11 at the end of last year, the Bank of Guizhou, the top five shareholders: the Finance Department of Guizhou Province, China Guizhou Moutai Winery (Group) Co., Ltd. Gui’an New Development Investment Co. Ltd., Shenzhen Expressway Limited by Share Ltd and Zunyi state owned assets investment Management Limited, the shareholding ratio was 14.3%, 14.13%, 8.48%, 3.44% and 3.31%.

Second, the bank listed boom

In fact, the Bank of Guizhou is also expected to launch IPO, after all, in recent years the bank IPO boom is rising, the domestic city commercial banks, agricultural firms listed on accelerating the process, including the Bank of Chengdu, Bank of Changsha, Bank of Zhengzhou, Bank of Qingdao, Bank of Zijin have landing A shares, Gansu bank, Guangzhou rural commercial bank the Bank of Jiangxi and Bank of Jiujiang, led by banks have at the Hongkong stock exchange.

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Gelon exchange app query display so far, A shares the number of listed banks has exceeded 30 mark.In addition, the Bank of Xi’an also listed soon, and before the Spring Festival will be succeeded in Qingdao agricultural firms, A shares of listed banks is expected to further expand to 32 teams.

In addition, data show that there are 12 banks waiting for A shares the gate open, these banks are in city commercial banks, rural commercial core of local banks, the distribution area of Zhejiang, Fujian, covering Jiangsu, Chongqing, Anhui and other regions.In addition to the normal queue outside the bank, the Bank of Lanzhou due to the high rate of adverse problems has been in a “suspended review”, which exposed the bank listed some of the pain points.

Three, the bank listed key points

2 11, the State Council executive meeting held, decided to support commercial banks additional capital through multiple channels, which, through the capital market to replenish bank capital (equity capital instruments) this channel will also be accelerated, which strengthened the number of banks listed on the impact of determination.

However, in the abort review status of the Bank of Lanzhou also to the many banks “lesson”, it is actually a sprint IPO pressure Alexander, high rate of bad loans and other key parts of worries constantly.

In the nearly three years of revenue and profit growth and cannot reduce the bank’s capital pressure filling status. Data show that by the end of 2015, at the end of 2016, by the end of 2017, the bank’s capital adequacy ratio was 11.5%, 12.52%, 12.5%, a capital adequacy ratio and core capital adequacy ratio were respectively 9.92% 9.85%, 9.98%.2015-2017 years of urban commercial banks, the average capital adequacy ratio was 12.59%, 13.28%, 13.65%, compared to the industry average low bank of Lanzhou.

At the same time, although since last year, commercial banks have increased in varying degrees of bad assets verification efforts, but the Lanzhou bank non-performing loan rate of the third consecutive year more than the average firm in the city. As of the end of 2013, 2014, 2015, 2016 at the end of the end of the end of 2017, at the end of the year, Lanzhou bank non-performing loan ratio was 0.91%, 1.13%, 1.8% 1.77%, 2.09%, higher than the overall average non-performing rate of city commercial banks.

At the same time, the Bank of Lanzhou in 2017 of overdue loans increased 2 billion 699 million yuan, an increase of up to 73.78%; the number of days overdue within 90 days overdue interest but not the principal overdue loans grew more, reached 1 billion 179 million yuan; by the end of 2017, Lanzhou bank shareholders equity pledge a total of 20 pen, involving the number of shares 782 million shares, accounting for the total share capital of 15.62%; shares were frozen justice a total of 10 pen, freeze the shares amounted to 259 million shares, accounting for 5.06%.It is worth noting that, according to the prospectus, the Bank of Lanzhou during the reporting period, a total of 15 times to accept the supervision of inspection, focus on the problem of credit business, corporate governance, bill business, financial services and other aspects.

But the bad loans and related issues such as the check is the bank listed on the impact of distance, it is difficult to avoid the need to face the pain.Today, the China Securities Regulatory Commission is still on the bank NPL ratio, the CBRC inspection, rectification and punishment and implementation of bank and bank equity structure and other issues to be attention, based on the above background, can be said that the Bank of Lanzhou is basically a lot of stamp Commission “ray point”.

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Fourth, 2018 brisk performance of Listed Banks

Although a few banks were shut out of IPO due to their own problems, but review 2018, most of the listed banks still made a remarkable report.

At present,30 A shares of listed banks have been 20 released the 2018 annual report, earnings remained stable growth, asset quality improved, enhance the ability to resist risks. Specific data, more than half of listed banks in 2018 net profit growth rate is higher than the same period in 2017, and the 20 listed banks in the 8 digit growth rate of two; 13 banks non-performing loan ratio down or flat, the overall asset quality control.

Among them, China Merchants Bank, Ping An Bank 17 A shares of listed banks have achieved positive revenue growth; China Merchants Bank, Shanghai Pudong Development Bank, CITIC Bank and other 8 banks operating revenue exceeded 100 billion; the Bank of Shanghai, the biggest increase in operating income, an increase of 32.49%; net profit in 2018, China Merchants Bank attributable to shareholders of the parent company the net profit of 80 billion 560 million yuan, ranking the 17 banks for the first time, can be seen: in spite of the external uncertainties due to the previous year, banks are also the overall business environment pressure, but the banks, especially the listed bank’s overall business can still maintain a relatively stable equilibrium point.


At present, although in the future uncertainty of the environment, bank management to a certain extent will be affected by some, but in the rational market trend, with banks step forward, the banking industry overall operating performance and asset quality are expected to show a steady positive trend, which means the banking sector has the opportunity to fix the valuation.

And for those who seek listing “win” or “survival” banks to dispose of all kinds of risks, improve asset quality, improve the management of shareholders and corporate governance so as to continuously promote the development of high quality, is still a priority among priorities to do our job.

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