How to value unlisted banks?

As far as the current tragic situation of China's capital market is concerned, the valuation of non-listed banks can use the net assets as the lower limit (below the net assets, if the equity is sold, it may be accused of state-owned property losses). If the profitability of non-listed banks is very good and the valuation will be higher than the lower limit of net assets, then the average P/E ratio of A-share listed companies is used to calculate the median liquidity of non-listed companies, so personally, it is necessary to deduct the liquidity risk premium. If it is a good bank, its profitability is also very good, that is, the bank's profit this year * the average price-earnings ratio of listed banks * the liquidity risk premium ratio. If the quality of the bank is average, then the net assets of the bank can be used directly. Anyway, don't use the price below the net assets to make an evaluation. The government will not do it. If it is a junk bank, or a bank with poor growth and profitability, such as many local city commercial banks, it is normal to give 0.5 times PB from the perspective of investment, just look at the listed Bank of Communications. But if it is not from the perspective of investment, but only one-sided valuation, then the net assets will be good. After all, banks are all state-owned. If it is a private bank, it will not be so evaluated. The four-dimensional model of equity incentive for unlisted companies is a theoretical system model of equity incentive originally created by Mr. Shan Haiyang, which refers to the way of comprehensive weighing from four different dimensions: incentive purpose, incentive object, incentive opportunity and incentive mechanism when implementing equity incentive. In other words, the four-dimensional model of equity incentive answers why enterprises should carry out equity incentive, who to carry out equity incentive, when to carry out equity incentive, the specific operation mode of equity incentive and so on. According to the present situation and development prospect of different enterprises, the four-dimensional model of equity incentive provides "tailor-made" equity incentive schemes and coping strategies to ensure the implementation effect, which can effectively solve all kinds of puzzles existing in the implementation process of equity incentive.