首页 社会内容详情
彩客网(www.99cx.vip)_China's banks scramble to raise capital and answer calls to support economy

彩客网(www.99cx.vip)_China's banks scramble to raise capital and answer calls to support economy

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

彩客网www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。彩客网上彩客分析专家数据更新最快。彩客网开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

SHANGHAI: China Construction Bank Corp (CCB) started selling 60 billion yuan ($8.9 billion) in bonds on Wednesday, joining peers as they rush to replenish capital in response to tighter regulations and government calls to support a virus-hit economy.

China's government has asked banks to help stabilise the world's second-largest economy by lending to small firms and sectors which bore the brunt of COVID-19 containment measures in some of the country's biggest cities in the last few months.

During January-May, subordinated bonds sold by local banks including Industrial and Commercial Bank of China Ltd (ICBC) and Bank of China Ltd (BOC) totalled nearly 400 billion yuan, a jump of 42% from the same period a year earlier, showed data from credit-rating firm Fitch Bohua.

The debt-raising spree comes as China's monetary easing pushes down interest rates, and as capital raising via share sales is unlikely with most banks trading well below book value.

CCB will use proceeds from selling bonds via China's interbank market this week to supplement its so-called Tier 2 capital. The lender will sell an additional 60 billion yuan worth of such bonds by the end of 2023, exchange filings showed.

Separately, CCB also plans to sell up to 100 billion yuan worth of perpetual bonds in China to replenish capital, and as much as $3 billion worth of additional debt in overseas markets.

The surge in bond issuance signals that "commercial banks are preparing and making an effort to stabilise capital adequacy," said Li Peng, associate director of banks at Fitch Bohua, who expects loans to expand in the second half of 2022.

For big banks, the capital raising also comes as they face tougher capital rules to absorb losses and head off financial instability.

China has demanded its biggest four state lenders - ICBC, CCB, BOC and Agricultural Bank of China Ltd - meet specific total loss-absorbing capacity (TLAC) targets from 2025.

The "Big Four" face a capital gap of at least 3.5 trillion yuan in the next few years, French bank Natixis estimated.

Small banks, many of which have limited access to capital markets or even depositors, are staring at even tougher capital challenges at a time when the economy has slowed down, threatening asset quality.

Concern over profitability has pushed bank shares to roughly half of their book value on average.

Capital ratios of Chinese banks are above regulatory limits, but they suffer from inadequate capital generation, as well as "the push from the government in asking banks to give up part of their profits" with cheaper loans to help stimulate economic activity, said economist Gary Ng at Natixis in Hong Kong.

"Therefore, Chinese banks will only have increasing need to raise capital externally." - Reuters


转载说明:本文转载自Sunbet。
  • 澳5计划(www.a55555.net) @回复Ta

    2022-06-20 00:17:28 

    北京时间9月8日,世预赛12强赛B组竣事第二轮争取,日本队1比0击败中国男足,取得首胜。沙特1比0击败阿曼,拿到两连胜,排名小组第二。同组另外一场竞赛,澳大利亚1比0击败越南,同样取得两连胜,以净胜球优势领跑。接下来是什么

发布评论