九台农商行挥别港交所之后

Core Viewpoint - Jilin Rural Credit Institution's reform has progressed with the delisting of Jiutai Rural Commercial Bank from the Hong Kong stock market, marking it as the first rural commercial bank to delist after nearly nine years of trading [1][2]. Group 1: Financial Performance - In 2023, Jiutai Rural Commercial Bank faced significant financial pressure, with both revenue and net profit declining, the latter dropping by over 90% [2]. - The bank has not yet disclosed its mid-term performance for 2024 and 2025, but preliminary forecasts indicate losses of 1.7 to 1.9 billion yuan and 898 million yuan, respectively [2]. Group 2: Reasons for Delisting - The primary reason for the delisting is the bank's inability to maintain its financing function due to a depressed stock price, which fell by 6.82% while the Hang Seng Index and the Hang Seng Mainland Bank Index rose by 21.19% and 14.59%, respectively [3]. - The bank aims to save on operational costs and reallocate resources for business operations, indicating that delisting will provide more room for adjustment [4]. Group 3: Ownership and Future Plans - The new controlling entity of Jiutai Rural Commercial Bank is Jilin Financial Holdings, which holds a 75.22% stake following the approval of a shareholding change [5]. - The bank's delisting is viewed as a crucial step in the reform of the Jilin rural credit system, with plans to gradually absorb and merge with other rural commercial banks and establish a unified legal entity across the province [5].