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CN MOF Actively Supports Major SOE Commercial Banks in Replenishing Core T1 Capital
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China’s Ministry of Finance (MOF) announced that, in line with the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, it will issue the first batch of special treasury bonds worth RMB500 billion in 2025. This initiative aims to actively support BANK OF CHINA (03988.HK) (601988.SH), CCB (00939.HK) (601939.SH), BANKCOMM (03328.HK) (601328.SH), and PSBC (01658.HK) (601658.SH) in replenishing their core Tier 1 capital. The four major state-owned banks plan to issue A-shares to specific investors to raise funds for bolstering their core Tier 1 capital. Among them, CCB will raise up to RMB105 billion, with the net proceeds, after deducting issuance costs, fully allocated to enhance its core Tier 1 capital. BOC aims to raise a maximum of RMB165 billion, with the net proceeds, after expenses, directed toward increasing its core Tier 1 capital. BANKCOMM targets a fundraising scale of up to RMB120 billion to supplement its core Tier 1 capital. PSBC plans to raise RMB130 billion, with the net proceeds, after deducting related issuance expenses, used to strengthen its core Tier 1 capital. AAStocks Financial News |
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