City firm HK Tim newcomer: Zhengzhou banks to submit pre-disclosure of documents

Updated: October 20, 2015  Views: 69

Newspaper reporter Lu Dong

A-share listed crop failure, H-share listed one after another, this is a true portrayal of recent years, the City firm IPO road. Now, with Zhengzhou bank, filed late last month listed on the HKEx pre-disclosure document, this home is located in the hinterland of the Central Plains The city commercial banks are expected to visit the capital market through H shares.

Net profit growth of high capital adequacy ratio tight

Zhengzhou banks to be listed pre-disclosure documents show, International, BOCOM International will serve as the bank's co-sponsors listed, except fundraising items net of the supplementary capital, it will also be used to promote the bank's business strategy, but for the amount to be raised CITIC Securities and a timetable for the listing, the details not disclosed.

Early in the first half of last year, the bank had been included in Zhengzhou, Henan Province, Zhengzhou City reserve key listed companies. In 2012, the Zhengzhou municipal government of Zhengzhou Bank IPO market led the establishment of the leading group, to promote the bank's listing. August 2014, Zhengzhou Bank has publicly recruited a strategic investor, plans 'to increase the transfer of shares of stock or 1-2 and introduce strategic investors.' According to reports, the bank's strategic investor Zhengzhou did not introduce in place.

In early March, the bank held in Zhengzhou, in 2015 the first provisional shareholders meeting, << About Zhengzhou banks to issue H shares listed in Hong Kong and the motion >> and other proposals being considered by the Henan Banking Bureau in September It was approved by the 14th of the line H-share listing plan.

As of the end of June this year, Zhengzhou bank's capital adequacy ratio and core capital adequacy ratio was 10.92%, respectively, 8.55%, compared with the previous year fell 0.2 percentage points, 0.11 percentage points, according to << commercial bank's capital management approach (Trial)> > provisions, capital adequacy ratio of non-systemically important banks not less than 10.5%, a capital adequacy ratio of not less than 8.5%. supplementary demand for capital, has also become an important reason for the bank to rush the IPO.

Zhengzhou bank also announced the first half of 2015 financial data. Data show that the first half of this year, the bank achieved operating income of 3.85 billion yuan, an increase of 50.4%, net profit of 1.75 billion yuan, an increase of 45.4% for substantial growth in net profit Zhengzhou bank said net interest income mainly by fee and commission income increased trading net income increased. As of the end of June this year, the bank's total assets of 225.412 billion yuan, an increase of 10.3% compared with the beginning. At present, Zhengzhou bank In Henan Province, has no branches, 108 sub-branches located in Henan Province, seven cities.

Although earnings growth is far ahead of most banks, but in terms of quality assets, Zhengzhou city commercial banks and most face the same 'double up' pressure. As of the end of June this year, the balance of non-performing loans of 916 million yuan in Zhengzhou bank, non-performing loan ratio 1.06%, up 0.31 percentage points over the year.

Statistics show that currently holds more than 5% of Zhengzhou bank shareholders a total of eight, respectively Finance Bureau of Zhengzhou City, Zhengzhou Development Investment Group Co., Ltd., Yu Tai International (Henan) Real Estate Development Co., Ltd., Henan Industrial Real Estate Development Co., Zhengzhou Investment Holdings Limited, Henan morning Toho Co., Ltd., Henan Zhongyuan Trust Co., and former State Trading Co., Ltd., which were held by the Bank 19.37%, 5.60%, 6.65%, 6.34%, 5.96%, 5.73%, 5.20% and 5.05% of the shares.

It has become a place of choice for H-share listed banks

Since Chongqing Bank, Merchants Bank, Harbin Bank and other local banks have passed route through Hong Kong, in order to achieve the dream IPO after listing, H-share market has become the first choice around the city listed firm ground. Today, in addition to Zhengzhou banks, also Qingdao Bank and Jinzhou Bank has submitted the H-share IPO application.

Insiders pointed out that the current listing of environment, local banks listed in Hong Kong than landing A shares is relatively easier, instead of waiting for the A-share market to City firm floodgates, weaker than the route through the H shares listed on the impact of launch.

In fact, the case in recent years through bank listed in Hong Kong IPO to quickly achieve the target already abound. As early as four years ago, Chongqing agricultural firms listed in Hong Kong was completed, thus becoming the first listed agricultural firms, and early on conduct A shares listed on waiting lists, and the parties considered most likely to become the first listed agricultural firms Zhangjiagang Rural Commercial is still being blocked in the A-share market. Mukden banks similar situation, because its size and profitability of capital Northeast China's premier, and is seen as the first choice of listed banks in the Northeast region, but because of Harbin Bank listed in Hong Kong to seize the initiative, Mukden bank ultimately fought only through the H shares to complete the listing of vision.

Official said, that fame is not a big city firm, are more likely to quickly realize the dream through the Hong Kong listing of the road, which is in urgent need of additional capital for them, is indeed a more rapid and convenient IPO channel.


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