At the forthcoming shareholders ' conference in the bank, the h stock listing plan was not addressed except for consideration of the a stock listing extension bill
According to the daily securities newspaper, in late march, the country was already a hot spring. However, for those local banks that are still outside the market, winter still seems to be behind us. After the pleasure of the initial listing, the proposed banks had to postpone the listing due to the deterioration of the listing environment. In the absence of access to the a stock market, jiangsu bank again decided to extend the listing bill。
It is noteworthy that jiangsu bank did not mention the h stock listing scheme prepared by other banks. The daily issuer of the securities journal sent an e-mail to jiangsu bank to interview him on issues such as the postponement of the listing, and as of the time of sending, no reply had been received from jiangsu bank。
Second extension of the listing resolution
As a local bank that had been in existence for six years, the ambitions of the bank of jiangsu had been demonstrated since its inception. In january 2007, the jiangsu provincial government led the official inauguration of jiangsu bank, which was formerly a merger of 10 municipal commercial banks, including no sing, suzhou and nantung. In the same year, three city comptoirs, including nanjing bank in jiangsu province, joined the market and opened the curtain of the ipo unit a of the city comptoir. Because of the ease with which the banks were listed at the time, this led to the creation of jiangsu bank, which announced a three-year-old listing plan early in its establishment, and to appear in 2012 in the list of the first 14 listed local banks published by the sec。
Five of the 14 lined banks from jiangsu i prefecture had the largest number in each province, while jiangsu bank was the only local corporate bank in each of the five banks. However, as the market environment has changed, banks in jiangsu province, “group-strike”, are standing in line at the last gate of the market。
This year, the ipo of the a stock market was relaunched, but it is still difficult to see the presence of shinjuku bank, which has once again been listed as a local bank. Delays in release at the regulatory level have forced the troubled city comptoirs to renew their listing。
As with other banks, since last year jiangsu bank has joined the extended army. A year has passed, except for the completion of the ipo by the bank of badge and chongqing in the port market late last year. Previously, jiangsu bank had to renew the listing for another period. According to the jiangsu bank bulletin, the bank's shareholders ' meeting will consider related bills, including the bill on the extension of the validity of the resolution on the first public distribution and listing of the general rmb (a) stock in the territory of jiangsu bank limited。
There are no options for h listing
At the end of last year, two city comptoirs, namely the bank of badges and chongqing, succeeded in listing in hong kong, and the hong kong stock market became a new target for local banks eager to do so. There are now a number of mainland banks that have introduced the h stock listing scheme, which includes the bank of shinjing, which is on the cvm list a。
Despite the success of the brothers bank and the support from the regulatory level, jiangsu bank remained on the market for h。
The reporter noted that, at the forthcoming shareholders ' conference at the bank, the h stock listing plan had not been addressed, except for consideration of the a stock listing extension bill。
Blood from replenishment
In april last year, jiangsu bank, when its new chairman took office, considered at its shareholders ' meeting the replenishment programme, which set a five-dollar target of 1. 3 billion additional shares and $6. 5 billion in financing, all of which will be used to boost capital。
“the introduction of new capital management schemes and the uncertainty of listing of city comptoirs have placed greater pressure on corporate capital management”, referring to the difficulties faced in doing business, as was expressed by jiangsu bank in its financial report. In the case of banks at the ipo “first instance”, where the replenishment was carried out, some investment bankers pointed out that this was indeed a relatively rare situation, “because it was more cumbersome to then submit updated information on changes in equity to the sec. This may be due to the fact that jiangsu bank is under greater capital pressure and is not able to obtain `relay' through ipo in the short term”。
As can be seen from bank jiangsu's 2012 annual report, the pressure of declining capital adequacy rates is increasingly emerging. By the end of 2012, jiangsu bank had a capital adequacy rate of 12. 16 per cent, a decrease of 0. 66 percentage points from 2011; and a core capital adequacy rate of 8. 45 per cent, a decrease of 0. 28 percentage points from 2011. Since the two replenishments in 2009 and 2010, with the targeted additions of 550 million and 700 million, respectively, jiangsu bank has been recapitalizing on sub-debt issues for the first time in years since the launch of the replenishment programme。
However, the replenishments implemented by jiangsu bank last year have also been mixed among the shareholders of companies listed by the bank. Shareholders have supported jiangsu bank in modelling technology, investment and speed of ningang, and have actively financed the purchase. However, the chinese shareholder, w. C., stated that it had abandoned the replenishment on the grounds that jiangsu bank had no competitive advantage over similar companies in the price increase. Reporter lu dong
