【商业故事】Guangzhou Rural Commercial Bank Raise $1.5 Billion From Hong KongIPO

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source from：WSJ
MARKETS
Guangzhou Rural Commercial Bank Plans to Raise 1.5 Billion dollars From Hong Kong IPO
A mandate is expected in mid-June

By KANE WU
May 26, 2016 5:15 a.m. ET
0 COMMENTS
A regional Chinese lender is planning to raise around 1.5 billion dollars from an initial public offering in Hong Kong, according to people familiar with the situation.

The lender, Guangzhou Rural Commercial Bank, based in southern China’s Guangdong province, has invited banks to pitch for the IPO in the next couple of weeks, the people said. A mandate is expected in mid-June, one of them said.

State-owned Guangzhou Rural Commercial Bank is focused on lending to the agricultural industry and providing financial services to farmers as well as small and medium-size enterprises, according to its website.

The bank recorded a net profit of 5 billion yuan (762 million dollars) in 2015, down around 9% year over year. Its total assets amounted to 583 billion yuan at the end of last year, with a nonperforming-loan ratio of 1.8%, higher than the 1.67% national average.

The bank’s three biggest shareholders are all wholly owned by the local government.

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关键词：Commercial Hong Kong Billion Rural merci planning expected outside Opera about

william9225 发表于 2016-5-26 19:17
source from：WSJ
MARKETS
Guangzhou Rural Commercial Bank Plans to Raise 1.5 Billion dollars From H ...

挺对的

不管怎样，本地ZF持股，看好。。。

With commercial and city banks expected to have lower asset quality than the policy banks, this ipo might be a tough sell to investors who may be cautious on the rising NPL, especially if one is to consider special mention loans

hazeline2k 发表于 2016-5-26 21:02
With commercial and city banks expected to have lower asset quality than the policy banks, this ipo  ...

I'd agree, chinese banks are definitely not being well received in HK as of lately, but I doubt it will heavily affect equity sales as underwriters will mainly be looking for cornerstone and anchor investors from the mainland side

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