CHENGDU, Dec.21 (NBD) -- More financial institutions line up to issue IPOs after Bank of Jiangsu successfully went public in August.

According to China Securities Regulatory Commission, of the 10 banks in the waiting list, 7 are city banks and 3 are rural banks. Of the largest IPO issuers this year, Bank of Shanghai tops with 10.67 billion yuan (1.53 billion US dollars). 

In fact, except for banks, Securities companies like Huaan Securities, and Central China Securities also successfully launched IPOs. Futures brokers like Ruida Futures and Nanhua Futures are also in the waiting list.

Experts told NBD that as A share stabilizes, more financial institutions want to raise funds through IPOs. Dong Dengxin, director of finance research institution of Huazhong University of Science and Technology said with those city banks and rural banks get listed, more individual funds will flow to those areas. Small securities brokers, if listed, will grow more competitive, he added.