Guangzhou Bank's Shenzhen Stock Exchange Main Board IPO "terminated (withdrawn)"

On January 17th, Guangzhou Bank Co., Ltd. (referred to as Guangzhou Bank) had its IPO application status on the Shenzhen Stock Exchange changed to "terminated (withdrawn)." Due to Guangzhou Bank and its sponsor withdrawing the application for listing, the Shenzhen Stock Exchange decided to terminate its IPO review. According to the prospectus, Guangzhou Bank is a city commercial bank mainly operating in Guangdong Province. Its main business includes corporate finance, retail finance, and financial market services. The corporate finance business mainly includes corporate loans, corporate deposits, intermediary services, and corporate finance special services; the retail finance business mainly includes personal loans (including credit card services), personal deposits, personal settlement services, debit card services, intermediary services, and retail finance special services; the financial market services mainly include interbank market services, interbank market services, bill trading services, asset management services, and investment banking services. As of June 30, 2022, Guangzhou Bank's total assets were 727.395 billion yuan, with shareholders' equity of 51.264 billion yuan. The bank's main operating area is in Guangdong Province. As of December 31, 2021, the total assets of the banking industry in Guangdong Province were 32 trillion yuan, an 8.3% year-on-year increase; the balance of various deposits in domestic and foreign currencies was 29.3 trillion yuan, a 9.5% year-on-year increase; the balance of various loans in domestic and foreign currencies was 22.2 trillion yuan, a 13.6% year-on-year increase, with long- and medium-term loans to enterprises adding 1.1 trillion yuan. Financial institutions have strengthened their support for key areas and weak links in the supply-side structural reform, continuously optimizing the credit structure, and enhancing their support for the real economy. In terms of financial performance, from 2019 to June 2022, Guangzhou Bank achieved operating income of approximately 13.379 billion yuan, 14.918 billion yuan, 16.564 billion yuan, and 8.776 billion yuan respectively; during the same period, the company achieved net profits of 4.324 billion yuan, 4.455 billion yuan, 4.101 billion yuan, and 1.584 billion yuan respectively.