over 1 trillion yuan of quota has been approved! 50 banks involved →
2024-09-07
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in recent times, commercial banks have been frequently approved to issue capital instruments to "replenish their blood."
on september 5, the zhejiang regulatory bureau of the state financial regulatory administration issued a reply indicating that it agreed to allow zhejiang zhoushan dinghai ocean rural commercial bank to issue tier 2 capital bonds not exceeding rmb 370 million, which will be included in the bank's tier 2 capital in accordance with relevant regulations. the reply also requires that the bank should formulate and continuously improve the medium- and long-term capital replenishment plan that is consistent with its own development strategy and management capabilities, strengthen capital management, strengthen capital constraints, and ensure the conservation and effective use of capital.
on august 29, the hunan financial regulatory bureau issued a reply approving changsha bank to issue capital instruments not exceeding rmb 5 billion. the bank can independently decide on the specific instrument types, issuance time, batches and scale within the approved amount, and complete the issuance within 24 months after approval.
on august 2, the beijing financial regulatory bureau agreed to beijing rural commercial bank to issue perpetual capital bonds with a total amount not exceeding rmb 10 billion.
commercial banks issue tier 2 capital bonds to supplement tier 2 capital and issue perpetual bonds to supplement other tier 1 capital.. according to preliminary analysis of the data from the enterprise early warning system by the financial times reporter, as of september 5, this year, a total of 50 banks have been approved to issue secondary capital bonds and perpetual bonds (or capital instruments), with a cumulative approved quota of 1,108.02 billion yuan. among them, the industrial and commercial bank of china has the highest single-time approved issuance quota of 370 billion yuan, followed by shanghai pudong development bank with an approved issuance quota of 150 billion yuan, and ping an bank and hua xia bank with an approved issuance quota of 80 billion yuan each. in addition, a number of small and medium-sized banks, including fujian strait bank, dongying bank, zhejiang nanxun rural commercial bank, guangxi beibu gulf bank, etc., have also been approved to issue capital instruments.
on the one hand, approval is accelerated, and on the other hand, issuance is acceleratedaccording to preliminary statistics from the financial times reporter based on the oriental fortune choice data, as of september 5, this year, my country's commercial banks have issued 812.3 billion yuan in secondary capital bonds and 490.7 billion yuan in perpetual bonds, with a total issuance scale of more than 1.3 trillion yuan, far exceeding the same period last year. in the same period of 2023, commercial banks issued 373.7 billion yuan in secondary capital bonds and 151.7 billion yuan in perpetual bonds, with a total issuance scale of 525.4 billion yuan.
a research report released by the economic and financial research institute of industrial securities pointed out that in recent years, the issuance scale of commercial bank secondary capital bonds has been steadily increasing. in terms of bank categories, small and medium-sized banks account for an absolute proportion of the issuance volume, while the issuance scale of secondary capital bonds of large state-owned banks and joint-stock banks is obviously larger. from 2019 to 2021, the issuance of bank perpetual bonds rose and steadily increased, and since 2022, the issuance has declined to a certain extent.
the data provided by the above research report shows that as of august 2, 2024, the number of tier-2 capital bonds of state-owned banks is 103, with a scale of 2.6 trillion yuan, accounting for more than 60% of the total; small and medium-sized banks have the largest number of tier-2 capital bonds, reaching 368, and the scale of the stock is not much different from that of joint-stock banks. in terms of perpetual bonds, as of august 2, the scale of the stock of state-owned banks exceeded 1.3 trillion yuan, accounting for more than 50%, the scale of the stock of joint-stock banks accounted for about 1/4, and the scale of small and medium-sized banks accounted for 19.6%.
many experts said thatthe supply of secondary capital bonds and bank perpetual bonds will remain relatively rigid in the futurein particular, compared with large state-owned banks and joint-stock banks, small and medium-sized banks such as city commercial banks and rural commercial banks have relatively fewer channels for capital replenishment, and the current level of capital adequacy ratio is relatively low. secondary capital bonds and perpetual bonds are the main channels for such banks to replenish capital.
banks are accelerating the issuance of secondary capital bonds and perpetual bonds.on the one handthis is because the demand for exogenous tools to supplement capital has increased.on the other handthe reason is that the maturity scale is large and needs to be reissued. guosheng securities' yang yewei fixed income team pointed out that march, april, august, september and november are the months for concentrated repayment of secondary capital bonds, and june to september are the months for concentrated repayment of bank perpetual bonds. in august and september, secondary capital bonds need to be repaid 96.6 billion yuan and 77.2 billion yuan respectively; from july to september, bank perpetual bonds need to be redeemed 11 million yuan respectively.100 million yuan、850100 million yuan, 140 billion yuan. a research report released by the fixed income research team of huafu securities pointed out that based on the issuance rhythm of previous years, the supply peak of secondary capital bonds and perpetual bonds is mainly concentrated in the second half of the year. if the issuance rhythm remains stable this year, the issuance in the second half of the year will further accelerate.
just now, the central bank and the state administration of foreign exchange gave a major response!shenwan hongyuan announcement confirms: wang zhaoping was legally detainedthe daily returns of bank wealth management products are negative again. what should investors do next? source: financial times clientfollow the financial times wechat account for more exclusive news and information
