Mar 7 - IPO Standards for City Commercial Banks are Still Under Review

Source: Oriental Morning Post, ChinaScope Financial (Data)

+       According to officials at the China Securities Regulatory Commission (CSRC) on March 6, the IPO auditing standards for city commercial banks are still under negotiation and may not be released this year.

+       Information disclosed by the CSRC shows that at the end of January 515 enterprises, of which 14 are city commercial banks and rural commercial banks, have submitted their applications to the IPO commission of the CSRC.

+       The IPO auditing standards for city commercial banks are expected to include “asset scale of over CNY 80 billion and net interest income over CNY 20 billion.” Some reports say that the asset scale requirement will be CNY 100 billion, while others estimate it to be CNY 70 billion.

The scale and financial results of city and rural commercial banks in 2010

The banks listed below all have a CAR exceeding the 10.5% threshold stipulated by the new CBRC regulation

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