Main date:
Closing date for public sale: 12: 00 noon on July 11, 2017
Announcement application results: July 18, 2017
Listing date: July 19, 2017
The guardian of the meeting:
Citic Lyon coupon City Co., Ltd.
JPMorgan Chase & Co coupon Co., Ltd.
Jianhe International Finance Co., Ltd.
China international financing co., Ltd.
Summary of statistics:
Number of shares sold globally: 3300000000 shares
(including 300000000 unsold shares)
Proportion of shares sold in Hong Kong: 10.0%
Sales: HK $2.42 to HK $2.53
Estimated collection of funds: HK $7.26 billion to HK $7.59 billion
Income per hand: HK $2555.50
A summary of the collection
The collection bank is the largest urban commercial bank in Henan Province. According to the data of the Henan Provincial Administration of China, it ranked first in terms of total assets, total deposits, total funds, investment income, total stock rights and interests and the total number of network nodes at the end of 2016 and the year ending last year. By the end of 2016, the service network of the cluster included a total of 439 branches, 17 branches and 421 branches, covering 18 provinces, municipalities and 82 cities, reaching a full coverage of provinces, cities and cities and nearly 80% of cities. In addition, in accordance with the favorable policies of the Henan provincial government, including the "opinions on speeding up the Development of the Central Plains Bank", it is necessary to establish and maintain long-term relations of compulsory cooperation with important government organs, institutions and enterprises of strategic significance in Henan Province and China.
Industry summary
According to the Henan Provincial Administration of the China Provincial Supervision Commission, the total savings of Henan Province rose from 26775 billion yuan in 2011 to 54980 billion yuan in 2016, with a compound annual growth rate of 15.5 percent. The total amount of deposits in Henan Province rose from 17649 billion yuan in 2011 to 3,714 billion yuan in 2016, with a combined annual growth rate of 16.0 percent.
Cymbals
The proportion of short-term payments in the total outstanding funds of the collection is relatively high: by the end of 2014, the end of 2015 and the end of 2016, the total short-term payments of the collection accounted for 79.3%, 78.6% and 70.1% of the total, respectively, which is not conducive to the reliability and stability of collective interest income. In addition, short-term payments are concentrated, that is, if there is a recession in specific industries of the Chinese economy in which the main funds of the Chinese economy or collective funds are invested, the payments of such loans may be more vulnerable.
Valuation
According to the IPO document, as of December 31, 2016, based on the calculation of more than 196.25 shares expected to be issued after the completion of the sale of the shares, shares should account for 391.68 to 394.51 billion yuan per person in the consolidated tangible assets area that has not passed the examination, equivalent to HK $2.29 to 2.30 billion per share. (at the rate of 0.875 yuan to 1.000 Hong Kong dollars).