顺德农商行终止IPO，上市银行储备库3年减半

Group 1 - The core issue for small and medium-sized banks in China is the difficulty in going public, with A-share listings facing challenges before the IPO and H-share listings facing difficulties after the IPO [1][7] - Recently, Shunde Rural Commercial Bank withdrew its IPO application, reducing the number of banks waiting for approval from 10 to 5 [1][2] - The slow progress of bank IPOs is attributed to capital market policy adjustments and the impact of market volatility on bank stock stability [1][3] Group 2 - The initial group of 10 banks included Guangzhou Bank, Dongguan Bank, and others, but several have since withdrawn their applications, with the smallest being Yaodu Bank, which withdrew after nearly 6 years of waiting [2][4] - Shunde Rural Commercial Bank experienced two rounds of performance declines, with significant drops in both revenue and net profit during the pandemic and the current economic downturn [4][5] - The bank's financial performance showed a decline in net interest income and commission income, with non-performing loans increasing, indicating pressure on asset quality [5][6] Group 3 - The trend of bank IPOs has slowed significantly since 2019, with no new bank listings in A-shares since January 2022 [7][8] - While the Hong Kong market offers an alternative for listings, small and medium-sized banks face challenges post-listing, including low valuations and trading volumes [8][9] - Recent examples of banks like Jilin Bank and Jiutai Rural Commercial Bank highlight the difficulties faced in maintaining share prices and trading activity after going public [9][10]