Core Viewpoint - The banking sector in China is experiencing a slowdown in IPO activities, with only five banks currently in the A-share IPO queue, reflecting a phase of adjustment in the banking industry's IPO landscape [2][19][22]. Group 1: IPO Progress and Challenges - Since the beginning of 2022, no new banks have successfully listed on the A-share market, indicating a significant slowdown in IPO activities [2][22]. - As of October, 14 banks have updated their guidance reports, with common issues identified in areas such as equity structure, asset ownership, and capital adequacy [1][3][10]. - The number of banks waiting for IPO approval has decreased from seven to five since the start of the year, highlighting the challenges faced in the current market environment [19][20]. Group 2: Common Issues Among Banks - A significant number of banks are facing common issues related to equity structure, including disputes among major shareholders and unclear ownership of assets [3][5][6]. - For instance, Huishang Bank's IPO is hindered by a shareholder dispute involving major stakeholders, which could impact its A-share issuance [4][5]. - Other banks, such as Wuhu Yangzi Rural Commercial Bank and Jiangsu Rugao Rural Commercial Bank, are dealing with issues like excessive shareholding and share pledges, complicating their IPO processes [7][9]. Group 3: Asset Ownership and Capital Supplementation - Many banks are actively working to resolve asset ownership issues and enhance capital adequacy, which are critical for their IPO readiness [10][17]. - For example, Guilin Bank is addressing ownership documentation for its properties, while Gansu Bank is also working on finalizing ownership certificates for its assets [11][13][14]. - Capital supplementation remains a pressing concern for banks like Hankou Bank, which is implementing measures to increase its capital adequacy ratio amid ongoing business growth [17][18]. Group 4: Future Outlook - Experts suggest that the current phase of adjustment in the banking sector's IPO activities is influenced by stricter regulatory policies, market conditions, and the banks' own preparedness [22][23]. - There is an expectation that the IPO pace may gradually improve in the next one to two years as capital market reforms deepen and economic recovery is anticipated [22][23].