Is Hangzhou Bank listed?

It has not yet been launched, but this matter has been talked about for almost 8 years.

The road to listing: I only owe Dongfeng

Bank of Hangzhou was the third city commercial bank to submit IPO materials to the China Securities Regulatory Commission that year. Bank of Nanjing and Ningbo Bank submitted applications before Bank of Hangzhou. All banks have been listed as expected, and the Bank of Beijing has also caught up, but the Bank of Hangzhou is still in a corner.

In 2007, the IPO application process of Hangzhou Commercial Bank, which had not yet changed its name, was officially launched. In order to solve the common ownership structure problems of city commercial banks, Hangzhou Bank’s first step before its listing was struck here.

First of all, 1,378 employees of Hangzhou Bank agreed to receive 9.483 million shares transferred by the Hangzhou Bank Labor Union at a transfer price of 2.5 yuan per share.

In 2008, Bank of Hangzhou transferred 25.5932 million shares to three companies including Hangzhou Steam Turbine Co., Ltd., Hangzhou Construction Copper Group Co., Ltd., and Zhejiang Chint Instrument Co., Ltd. at a price of 9.7 yuan per share. Including 24.2452 million employee shares. Employees of Bank of Hangzhou made profits of more than 100 million yuan. After the transfer, the total number of shares held by employees of Bank of Hangzhou still exceeded 150 million shares, accounting for 11.75% of the total share capital.

According to the "Notice on Regulating Internal Employee Shareholdings of Financial Enterprises" issued by the Ministry of Finance in conjunction with the "One Bank and Three Commissions" in 2010, after a listed city commercial bank publicly issues new shares, the internal employee shareholding ratio shall not exceed the total 10% of the share capital. Through continuous share capital dilution and reduction, the Bank of Hangzhou's 2009 annual report showed that the number of shares held by natural persons in the bank was only 85 million shares, accounting for 5.09%, which has reached the standard.

In addition, in terms of policy, the Hangzhou Municipal Government has also given high support. A document from the Hangzhou Municipal Government stated that it is necessary to make local financial institutions in Hangzhou bigger and stronger, and actively promote the establishment of Hangzhou Commercial Bank and Hangzhou Urban District. The equity reform of Rural Credit Union and Hangzhou Industrial and Commercial Trust Company encourages the introduction of overseas strategic partners, enhances their market competitiveness after financial opening up, and gradually becomes a regional financial institution with a higher management level and stronger market competitiveness. ; Use preferential policies to encourage innovation in financial businesses and financial instruments.

It must be said that the Hangzhou Municipal Government not only paved the way for Hangzhou Bank in attracting strategic investors, but also provided support in various subtle policies.

From 2007 to the present, in the past six years, the "steady progress of IPO" mentioned by internal employees of Hangzhou Bank has finally become a thing of the past, and Hangzhou Bank is still stuck in the implementation of feedback opinions. The strength of "Gao Fu Shuai" is still there, and an IPO may be expected in the near future. After ten years of hard work, all he owes is Dongfeng.