The bank has been in the "empty window period" for two years to log in to A shares. 10 banks are still waiting for the market

The bank team that impacted the A -share IPO appeared "broken".

In the past two years since June 2020, none of the bank's A -share IPO application has been accepted by the Securities Regulatory Commission. In this two -year "empty window period", the number of banks outside the A -share gate of A -share gate has been greatly reduced to 10 due to the continuous completion of the listing, active suspension, and being available in the market. According to the latest review progress, the above -mentioned queuing banks are currently in the same starting line, all of which are pre -disclosure updates.

Within two years

No bank IPO application is accepted

For banks, realizing listing not only helps to improve its own brand, but also more importantly to supplement valuable capital. Because of this, all banks have always made all kinds of efforts to board the A stock market as soon as possible.

"Securities Daily" reporter noticed that in late June 2020, the A -share IPO application of the Bank of Guangzhou and Chongqing Three Gorges Bank was accepted, and in the following two years, no IPO application for a bank was accepted.

At present, a total of 10 banks are still among the A -share queues, and the span of the above bank's acceptance time is from 2018 to 2020. Among them, the longest application time for the A -share IPO application is Bozhou Pharmaceutical Rural Commercial Bank. The bank's acceptance date is March 22, 2018. Even the Chongqing Three Gorges Bank, which has the shortest acceptance time. 28th.

"The A -share IPO application acceptance has been stagnant for so long, mainly because most high -quality banks have completed the listing, and the number of banks that meet the conditions of listing are getting less and less. Some banks need to be further improved in the internal equity structure and corporate governance. And there are problems such as fluctuations in performance and decline in asset quality. "He Yanlin, a professor at the School of Finance, School of Finance, University of Foreign Economics and Trade, said in an interview with the" Securities Daily "reporter. It is high, and the audit is strict. There are still 10 banks that are currently in line to apply for listing, and it takes a certain time to digest. For those banks that intend to impact A shares listings, they should sort out their own problems and make self -control in accordance with relevant listing regulations. There are problems with "standing and reforming" so that the follow -up process is smooth.

It is, thanks to the "careful selection" of the A -share market for banks, the performance of A -share listed banks has always been stable. According to the 2021 annual report, of the 42 listed banks, 40 banks' net profit achieved positive growth year -on -year, and another 30 bank net profit increased by more than 10%year -on -year.

Compared with it, it is listed banks in the Hong Kong stock market with relatively simple and convenient listing reviews. Of the 17 pure H -shares listed banks, a total of 5 banks in 2021 decreased their net profit year -on -year, and all decreased by more than 20%. The number of banks with a decline in net profit accounted for nearly 30%. Affected by many factors, as of now, of the 17 pure H -shares listed banks, the stock price of 16 banks is in a "break" state. It is not difficult to see that due to the strict customs clearance of banks, the performance and stock price performance of banks in the A -share market after listing are relatively stable.

10 A shares line up banks

All are "Pre -disclosure Update"

The decrease in the number of banks in the waiting market. In addition to the two -year "empty window period" for the two -year "empty window period", the original bank was also one of the reasons for the decrease in various reasons.

Since the beginning of this year, Xiamen Bank and Jiangsu Dafeng Rural Commercial Bank have withdrawn from queuing banks. The former withdrawn from the A -share IPO application because of the "equity optimization purpose", and the latter was at the time of the starting meeting.

On the one hand, there is no inflow of fresh blood. On the one hand, the queue of "veterans" withdraws, and the number of normal lines has also shrunk sharply.

According to the latest first -issue application of the first stock company disclosed by the CSRC, a total of 10 banks are still lining up normally, and this number and peak period must decrease a lot. Among them, the number of banks planned to log in to the Shenzhen Stock Exchange and Shanghai Stock Exchange are 6 and 4, all of which are composed of small and medium -sized banks such as urban commercial banks and rural commercial banks, and they are all in the "pre -disclosure update" stage. Although the above banks have different accepted time, because the review stage is the same, it can be said that they have stood on the same starting line that impacts the A -share IPO.

He Yanlin believes that the 10 banks who have been accepted are mainly small and medium -sized banks such as urban commercial banks and rural commercial banks. Such banks are relatively difficult to supplement capital through other channels. He predicts that the time for applying for the "empty window period" will not continue too long, after all, many small and medium banks still have strong listing needs. However, from the supply side, the future bank listing audit will still be stricter and the number will be controlled. Those small and medium -sized banks with clear equity structures, complete internal governance, and stable operations, and strong competitiveness will be relatively smooth.

(Editor in charge: Chang Shuai Shuai)

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