九台农商行正式退市 曾称从股权市场有效集资的能力极为有限

Core Viewpoint - JiuTai Rural Commercial Bank officially delisted its H-shares from the Hong Kong Stock Exchange on November 24, following a buyout by Jilin Financial Holding Group and its concerted parties, indicating a strategic shift towards private company status for better operational flexibility [1][2]. Group 1: Delisting Announcement - JiuTai Rural Commercial Bank announced its intention to delist in July, citing limited ability to raise capital in the equity market and a deteriorating financial performance [2]. - The last trading price before suspension on March 12, 2025, was HKD 0.41 per share [2]. Group 2: Financial Performance - The bank issued a profit warning in August, projecting a net loss of approximately CNY 898 million for the six months ending June 30, 2025, primarily due to increased asset impairment losses [2]. - The asset impairment losses for the first half of 2025 are expected to rise by about 312.42% compared to the same period in 2024, although this was partially offset by increased operating income and tax credits [2]. Group 3: Industry Implications - The delisting of JiuTai Rural Commercial Bank is seen as a precursor to reforms within the Jilin provincial credit union system [3]. - The Jilin provincial government plans to issue CNY 26 billion in special bonds to support the development of small and medium-sized banks [3]. - There are plans to establish a provincial rural commercial bank (Jilin Rural Commercial Bank) with a unified legal entity as part of the reform efforts [3].