China reopens IPOs for regional banks

摘要

After an eight-year freeze, China is finally reopening the A-share IPO market to city and rural commercial banks, in a move that may stem the flow of mainland lenders looking to list in Hong Kong. bank of jiancsu, after waiting for years for regulators to approve a Shanghai IPO of more than RmblObn (US$1.61bn), updated a preliminary prospectus on June 12, typically a sign that a listing hearing is imminent. A mainland IPO for Bank of Jiangsu would be the first domestic listing for a regional Chinese lender since 2007, and may pave the way for similar fundraisings. Nine other lenders have been waiting for permission to launch their A-share IPOs for years.