Shunde Rural Commercial Bank withdraws IPO application, leaving only 5 banks in the A-share waiting area.

On July 4th, the Shenzhen Stock Exchange announced on its website that the initial public offering (IPO) application of Shunde Rural Commercial Bank and its sponsor has been withdrawn. According to the Shenzhen Stock Exchange listing review rules, the exchange has decided to terminate the IPO review process. This means that the bank's IPO process, which has been ongoing for nearly 6 years, has come to a sudden halt, making it the second small to medium-sized bank to voluntarily withdraw its IPO application this year. In recent years, the A-share listing process for small to medium-sized banks has significantly slowed down, with many banks withdrawing their IPO applications one after another. As of now, there are only 5 banks left in the "waiting list" for A-share listings, including Huzhou Bank, Jiangsu Kunshan Rural Commercial Bank, Hubei Bank, Guangdong Nanhai Rural Commercial Bank, and Dongguan Bank, with only Huzhou Bank currently in the "under review" status.