Known as the &#34;Wuliangye Bank,&#34; YIBIN BANK (hereinafter referred to as &#34;YIBIN BANK&#34;) was listed on the Hong Kong Stock Exchange on January 13.
On that day, YIBIN BANK opened flat at HKD 2.59 per share, with a calm morning session. In the afternoon, it briefly surged to HKD 2.69, closing at HKD 2.62 per share, with a stable performance throughout the day.
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1. Breaking the Three-Year Drought of New Stocks
Even with a lackluster trading volume, YIBIN BANK has broken the nearly three-year drought of new mainland bank stocks on the Hong Kong Stock Exchange.
The last round of bank IPOs on the Hong Kong market dates back to September 2021, when Dongguan Rural Commercial Bank was listed, which is now three years and four months ago.
In recent years, there have been multiple reasons for the scarcity of bank IPOs, including:
Most mainstream banks in the industry are already listed; the overall valuation of bank stocks is relatively low; and some investors have doubts about the prospects of bank stocks.
However, as the banking sector became one of the best-performing sectors in the A-share market last year, the IPO record for bank stocks was finally refreshed at the beginning of 2025.
2. Good International Subscription for This Round of Offering
Looking back, YIBIN BANK's listing also experienced a relatively uneventful start.
According to previous announcements, the number of shares for YIBIN BANK's global offering is 688 million shares, with the number of shares offered in Hong Kong accounting for 2.1% of the global offering and the number of shares offered internationally accounting for 97.9%.
Among them, the public offering in Hong Kong received only 0.21 times subscription, while the international offering received 1.14 times subscription, indicating a significantly better enthusiasm for international subscriptions.
On the first day of listing, the issue price per share was HKD 2.59. By the end of the midday trading session, the total trading volume was 22.595 million lots (1,000 shares per lot), with a transaction amount of HKD 58.37 billion and a total market capitalization of HKD 11.884 billion.
3. &#34;Wuliangye&#34; Bank
YIBIN BANK was established in 2006 and is the third listed bank in Sichuan Province after Chengdu Bank and Luzhou Bank.
By the end of June 2024, the bank's asset scale surpassed the 100 billion mark, reaching HKD 100.193 billion.
As YIBIN BANK's largest shareholder is Wuliangye Group, it has been humorously referred to as the &#34;Wuliangye&#34; bank in the industry.
With the listing of YIBIN BANK, the subsequent bank IPO market may see more new vitality.
According to statistical information disclosed by the Shenzhen Stock Exchange, as of early 2025, three banks—Dongguan Bank, Nanhai Rural Commercial Bank, and Shunde Rural Commercial Bank—have had their latest IPO application status changed from &#34;suspended&#34; to &#34;accepted.&#34;
Perhaps soon, the A-share banking sector will welcome new bank stocks.
Risk warning and disclaimer
The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

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YIBIN BANK (Wuliangye Bank) was listed on the Hong Kong Stock Exchange on January 13, with an opening price of HKD 2.59. The stock showed stable performance throughout the day, closing at HKD 2.62. This move breaks the nearly three-year drought of new bank stocks in Hong Kong, with high international subscription enthusiasm, and the subscription multiple for international offering shares was 1.14 times. YIBIN BANK is the third listed bank in Sichuan Province, with total assets exceeding 100 billion

- Yibin Commercial Bank, humorously dubbed the "Wuliangye Bank," debuted on the Hong Kong Stock Exchange on January 13, 2025, opening at HKD 2.59 per share.  
- This listing marks the end of a nearly three-year drought for new bank IPOs in Hong Kong, with the last being Dongguan Rural Commercial Bank in September 2021.  
- Yibin Bank's shares saw a strong international subscription rate of 1.14 times, while local offerings were only 0.21 times subscribed, indicating a potential revival in the IPO market for banks.

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YIBIN BANK

The first new bank stock in three years! "Wuliangye Bank" opens flat on its debut