Xiamen Bank (stock code: 601187.SH) was officially listed on Shanghai Stock Exchange on October 27, marking the first urban commercial bank in Fujian Province listed on the capital market, and also the first bank listed on A-share market this year.

It is reported that the Bank expects to raise a total of RMB 1.771 billion with an offering price of RMB 6.71 per share. At present, Xiamen Municipal Finance Bureau is the largest shareholder of the Bank, with a stake of 20.21%.

The second largest shareholder is Taiwan Fubon Financial Holding, with a stake of 19.95%. As of September 2020, there were 53 domestically listed companies in Xiamen City, accounting for 36.6% of the province, with a total market value of over RMB 600 billion.

Last year, the operating revenue of these listed companies exceeded RMB 1100 billion, making them the backbone and a powerful engine fueling the socioeconomic development in this city.

This year, Xiamen witnessed ten companies listed domestically (including CSRC-approved companies waiting for IPO)，including Amoytop Biotech and Runner Corporation. The IPOs of Xiamen companies have achieved fruitful results.