How to treat another bank with assets exceeding 260 billion to sprint IPO?

Whether the capital market should curb the listing of some banks and securities firms, because the homogenization of operation is very serious, which leads to the great weight of the market financial sector and little innovation.

Igbo dammed lake has a long way to go.

By the end of June 6, 2009, China Securities Regulatory Commission had accepted 352 IPO and depositary receipt issuing enterprises, of which 14 enterprises had a meeting, and 23 enterprises suspended their examination.

By the end of May, four companies, Zijin Bank, Qingdao Bank, Xi 'an Bank and Qingnong Commercial Bank, had successfully landed in A shares during the year, exceeding 20 18. At the same time, Suzhou Bank held its first meeting at the end of April. In addition, Qilu Bank and other 16 banks are waiting in the IPO queuing area.

At present, the trend of Shanghai and Shenzhen stock markets is not good. The Shanghai Composite Index, the iconic index, is still running below 3,000 points, and the turnover is quite low, roughly at the level of 400 billion yuan. The management is generally cautious in the subscription of new shares and the issuance of approval documents to avoid causing more resistance from investors. In this case, there are more than 10 listed companies in one month. Regardless of increasing the queue for you, it will take more than one year to digest the existing company, which is still far from the expectation of immediate application for approval.

The main task of the capital market is to support the real economy and increase the proportion of direct financing. The financing scale of bank brokers is relatively large, and a large amount of funds are allocated to financial institutions such as brokerage banks, which is somewhat contrary to the stock market's support for the real economy.

Small and medium-sized banks have a single business.

The purpose of listing of small and medium-sized banks is clear, that is, to replenish capital, especially tier-one core capital, for business expansion. The reason why banks are always short of funds lies in the excessive expansion of their business. They always want to open new business outlets and lend more money to get more spread income. The starting point is good, but they should not lack capital, so they want to find money in the capital market to supplement the first-tier core capital, but to supplement the core capital through profit retention.

The biggest problem of small and medium-sized banks is the lack of innovation in their business. Small and medium-sized banks' businesses are similar, lacking differences, and mainly rely on spreads to make profits. The capital market supports the same business of small and medium-sized banks, but it does not show the essence of capital market supporting innovation.

Judging from the world capital market, there are basically no traditional small and medium-sized banks listed in the United States. Although there are also small and medium-sized banks listed in Hong Kong, they are all domestic banks and are not very popular. One is the break, the other is the low transaction and the low stock price, which shows that the market resources have been allocated to small and medium-sized banks, and there have been signs of fund mismatch, which deviates from the optimal allocation of resources in the capital market.

Finance squeezes the profits of the real economy.

16 years, the profits of listed banks accounted for 48% of all listed companies. By 18, the annual reports of A-share listed companies for 20 18 were fully disclosed, and 32 listed banks * * * realized operating income of 4,247.935 billion yuan and net profit of1489.325 billion yuan. Compared with1321700 million yuan in 2006, it has increased significantly. One is that the total number of listed banks has increased, and the other is that listed banks continue to raise funds and refinance to supplement their core capital, so that they can issue more loans and obtain more spread income.

The profits of listed banks account for more than half of the profits of listed companies, which has been criticized by the market. If there is no continuous capital support from the capital market, the banking industry can only rely on profits to retain and replenish capital, and it is impossible to have so much money to continue to lend on a large scale. China's financial industry has been over-developed. Like the United States as a financial center, the financial industry accounts for only 7% of GDP, but the proportion of China's financial industry in GDP has reached 8%, more than the United States. Isn't this incredible?

There are more than 65,438+000 enterprises in China, among which banks and other financial industries account for half.

When implementing economic transformation, we should promote the upgrading of some high-tech industries with high added value. Can the banking industry do it? What's more, the banking industry is still a heavy asset industry, and it is necessary to replenish the bank's capital at every turn, otherwise it is impossible to start the pot immediately. The development of the banking industry has entered an endless cycle, constantly lending and replenishing capital.

A large number of banks listed distorted the capital market and the real economy.

The capital market undertakes the financing task of the real economy, bears great responsibility in supporting scientific and technological innovation, supply-side reform and economic transformation, and shoulders the heavy responsibility of improving direct financing. However, a large number of banks went public, and the funds that originally increased the proportion of direct financing became indirect financing through banks. Is this not in line with the positioning of the capital market?

When banks get money and get loans, they care about the poor and love the rich. Instead of supporting the real economy and technological innovation, they allocate a lot of resources to infrastructure such as iron cocks and store them in concrete and steel bars of real estate and local platforms. Where the local platform funds are invested will not be evaluated. The huge real estate bubble caused by high housing prices and the high debt of local governments have brought endless debt risks.

Restricting the listing of small and medium-sized banks can give full play to the function of the capital market and increase the proportion of direct financing. A large number of resources are allocated to small and medium-sized banks with serious homogenization, which actually runs counter to the increase in the proportion of direct financing in the stock market.

A-share banks are weighted by American technology.

The reason why the US stock market keeps hitting new highs has little to do with the strength of the banking sector. After all, the weight of banks is very low, mainly due to the rise of technology stocks such as Alibaba, Boeing, Netflix, Apple, Amazon and Google, which pushed the index up. The bull market of American stock market is in step with the development of science and technology in the world.

The trend of A-shares is sluggish, mainly because the financial sector is overweight, which is highly related to the drag of financial sectors such as bank insurance, and also gives the market the illusion of low valuation. On the surface, the price-earnings ratio of A shares is very low, but after excluding banks, the valuation of A shares is very high.

In the face of the continuous listing of small and medium-sized banks, I personally think that small and medium-sized banks should strictly limit listing, but help more technology-based enterprises to go public and change the problem of excessive weight of financial sectors such as banks.

This bank with assets exceeding 260 billion is actually Qilu Bank, which was established in 1996 and is a famous local city commercial bank in Shandong. In June, 20 15, it became the first city commercial bank in China to be listed on the New Third Board. Last year, it became the "profit king" of the New Third Board with a net profit of 2/kloc-0.50 billion yuan. By the end of 20 18, the bank had

However, its ultimate destination is A shares. This time, it is underwritten by CITIC Jiantou Securities, and it is planned to be publicly issued on the Shanghai Stock Exchange, which is not less than 65,438+00% (including 65,438+00%) of the total issued share capital, and not more than 25% (including 25%) of the total issued share capital. The total issued share capital does not exceed 5.497 billion shares, and the estimated financing amount is 65,438+00.

However, from a fundamental point of view, Qilu Bank is not so attractive. 20 16-20 18 During the reporting period, Qilu Bank achieved operating income of 51540,000 yuan, 5.426 billion yuan and 6.402 billion yuan respectively, and its net profit after non-deduction was16.2 million yuan and19.95 million yuan respectively. Moreover, the non-performing rate of 20 18 years 1.64% also increased by 0. 1% year-on-year. After the deduction, the non-performing rate will rise, and Qilu Bank's sprint of A-share IPO may be questioned.

1 I feel that there is a lot of news about banks recently. First, the independent wealth management product subsidiaries of the three major banks were established, and bank wealth management officially entered a net worth and refined operation mode, and the investment market that can directly participate in it became wider and wider. The news that various local and private banks went public in the past two years feels a bit excessive.

The listing of high-quality bank stocks has a certain optimization effect on the stock market itself, but such a quality-oriented operation is a bit confusing. Whether to circle money or really develop business, after all, local banks are relatively short of money and their business expansion is limited. Through listing, the valuation will be improved and the financing amount will be increased. The listing of local banks is more about seeking business development and financing channel expansion.

Why did the bank go public? -First, in recent years, with the continuous interest rate cuts, in the investment environment with low interest rates, the basic spread income of deposit-loan difference is shrinking, and large banks are looking for more business to increase profits, not to mention small banks. Second, the geographical restrictions of local banking business, through listing can expand and transform business, share risks and improve business level. The problem of non-performing loans in the third local bank is also serious, and the coverage of non-performing loans and risk transfer can be realized through listing. Coupled with the development of Internet banking in recent years, compared with traditional local banks, it is more convenient to carry out business, while the user experience is better and the cost is lower. Faced with these shocks, local banks need to change their thinking.

Another large bank with assets exceeding 260 billion is scrambling for IPO. What should we say? Haven't you said much in recent years? I used to be indignant, but now I am insensitive. In the face of huge interests, any words of resistance are pale and powerless. Marx has long said that what people do is beheading. Therefore, IPO should be normalized. What does it matter if the stock market falls as long as the financial resources are rolling and the business is booming? There are some protected small scattered, will take the food, stand guard, go to low-smoking, iron camp, run leeks.

However, the decadent will eventually decay! Didn't you see that Kang Dexin of Kangmei Pharmaceutical has withdrawn from the market and gone home? Didn't you see a person who loves to go public in his hometown? Can't you see that the registration system that has been postponed for two years is coming?

Yes, the registration system has come, regardless of the right to life or the right to death, it will eventually be locked in a dark room. Yes, the registration system is coming, the right to vote is coming, and the right to vote is coming. This may be a turning point in history. We haven't heard the footsteps of spring for a long time. If the market has just been unable to enter and eat, it will eventually die. Medically, this disease is called "intestinal obstruction".

Viewpoint: at best, it's for financing, at worst, it's "circling money", "borrowing money", "cashing out" or "crowdfunding"

Big fish eat small fish, small fish eat shrimp.

Big banks have sufficient funds, strong strength and strong ability to resist economic downside risks! However, small banks are different. Once there is a shortage of funds, it is likely to trigger a P2P-style run risk.

At present, small banks have listed for financing, which shows that small banks are having a hard time now. Listing financing is a good way out. With money, everything is easy, and it is difficult for banks without money to maintain operations.

At present, residents' savings in banks are getting less and less, and most residents are "house slaves".

Coupled with the maturity of new "piggy banks" such as Alipay and WeChat, it is increasingly difficult for banks to collect deposits. Moreover, the interest rate of bank deposits is only a little over a year, which is far behind the speed of currency depreciation. Nowadays, people, especially young people, have little money in the bank. Older people are in the bank, and those with sons have already borrowed money to buy a house.

From a certain point of view: bank listing financing is also boosted by high housing prices!

(3) High housing prices have swallowed up residents' savings, changed assets into liabilities, reduced sources of bank deposits and increased loans. Over time, the liquidity of banks will be tight, because all the money has been lent out and can't be collected for a while. If one day several large households withdraw cash centrally, the liquidity of the bank will be cut off instantly.

How to solve it? Listing financing. Go to the big A-shares to cash out, and hundreds of millions of investors will pay 100 yuan at will, and the money will arrive soon. So, you know, there are many small banks listed now.

But as an investor, we should also invest rationally. Risks and opportunities coexist. In order to take care of the overall situation and support the listing and financing of banks, after all, banks are financial stabilizers.

Finally, I would like to remind you that you should be cautious when participating in the stock market, regardless of whether the bank is listed or not! After all, it is difficult for the stock market to make money, and it is even harder for banks to make money!

The above personal views are for reference only!

It should refer to Qilu Bank.

On June 6, the website of CSRC disclosed the IPO prospectus of Qilu Bank. As the first city commercial bank listed on the New Third Board, Qilu Bank will become the third bank listed on the A-share market in Shandong Province after Qingdao Bank and Qingdao Rural Commercial Bank.

Rashomon of Jinan Rural Commercial Bank

Under the background of Qilu Bank's listing.

However, the Jinan Rural Commercial Bank in the same city had a "huge sum+peach color" incident.

The truth of the facts is still difficult to determine.

However, the description of academic qualifications by both sides is somewhat unexpected.

Officially, he said he had a high school degree-but personally, he said he had a bachelor's degree.

Such a simple question actually digresses!

People who eat melons are really hard to understand.

Major events in city commercial banks

Recently, two things have brought city commercial banks into public view.

One is the contractor bank known as "North Contractor and South Tailong"

The other is "Jinzhou Bank", a listed bank that can't produce financial reports.

Not surprisingly, these are high-quality city commercial banks.

Qilu Bank went public.

Large city commercial banks line up for listing.

Whether it can bring rich returns to investors is not discussed for the time being.

So the giant went public for financing.

At least it is not good for the current weak stock market!

Qilu Bank certainly has the qualification to apply for listing.

However, in the context of intensive news of city commercial banks,

I hope that the CSRC can strictly control it.

I hope that behind countless honorary titles

It is a real achievement of the enterprise!

Not a false financial statement!

It's not an embarrassment that you can't issue financial statements!

It is a market behavior and an inevitable behavior for banks to sprint IPO! It's just that banks are getting together in IPOs at present, which makes the IPO market, which has always been dominated by banks, particularly lively! Generally speaking, there are the following points: 1. The maturity of financial market financing tools has been recognized by everyone and meets the requirements of government regulatory agencies; 2. Banks are market themes and capital behaviors, and the maximization of shareholders' interests behind them is the first priority of their operation; 3. It is beneficial to enterprise development and business expansion; what do you think?

Don't cry until you see the coffin. How many outrageous things have you done under the banner of innovation? To sum up, let's open our eyes and see how many mines have been buried in the financial industry in the past two years.

I support the registration certificate. Eligible companies can go public. If the choice is large, it is possible to choose the best and the worst, so that not many people will take money to fight for new ones. Not many people will regard the stock market as a casino, and not many companies will go public just to make money. Only in this way can the stock market develop healthily.

Circle the money! Low-priced listed money cuts leeks and runs away, who doesn't break his head and get in!