IPO Process of Urban Commercial Banks in China, 2007
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China's city commercial bank is called the third tier of China's banking industry. Its accumulated assets by the end of 2006 was RMB2.59 trillion, up by 27.4% over the same period of previous year and accounting for 5.9% of total assets of financial organizations and its total liabilities reached RMB2.47 trillion, up by 26.5% compared to the same period of last year. China's city commercial bank is the fastest-growing segment in China's banking industry.

                        Total Assets of China's Urban Commercial Banks, 2001-2006 (Unit: RMB Billion)

Source: ResearchInChina

An upsurge of banks going public will spread across city commercial banks in 2007 after state-owned banks and joint-stock commercial banks have been successfully listed. Presently, 9 out of 144 city commercial banks expressed their attempts to be listed and such 9 banks, all of which managed to introduce strategic investors, includes Bank of Shanghai, Bank of Beijing, Bank of Ningbo, Chongqing Commercial Bank, Bank of Nanjing, Hangzhou City Commercial Bank and Bank of Tianjin, etc.

Bank of Nanjing and Bank of Ningbo have submitted the application of going public to China Securities Regulatory Commission (CSRC) and are now waiting for approval. Bank of Nanjing plans to issue 700 million A shares and Bank of Ningbo plans to issue 450 million A shares. Bank of Beijing intends to issue A + H simultaneously in 2007 and expects to raise fund of one billion U.S. dollars.

It is a trend for some city commercial banks that have good asset quality and good performance to establish long-term capital supplement mechanism by going public. City commercial banks have seen a clear development route, i.e. introducing strategic investors – cross-region operation – supplementing capital fund by going public – expanding across China.

1 Development status of China's city commercial banks

2 Thought on China's city commercial banks going public

3 Introduction of foreign capital by China's city commercial banks

4 Going public process of China's city commercial banks, 2007

4.1 Bank of Nanjing

4.2 Bank of Beijing

4.3 Bank of Ningbo
Total assets of China's city commercial bank, 2001-2006 

Banks in attempt to be listed in recent two years

Statistics of foreign capitals introduced by China's city commercial banks

Share proportion of foreign capitals in China's city commercial banks

Major financial indicators of Bank of Nanjing, 2003-2006

Major financial indicators of Bank of Beijing, 2003-2006

Major financial indicators of Bank of Ningbo, 2003-2006

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