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Small and medium-sized banks actively issue bonds to replenish capital
2022-07-19 10:14focus
This article is reprinted from: Xinhua News Agency
Xinhua News Agency, Beijing, July 19. The "Economic Information Daily" published an article "Small and medium-sized banks actively issue bonds to replenish capital" on July 19. The article said that the heat of bank capital replenishment continued. Wind data shows that as of July 18, commercial banks have issued bonds of 1,141.057 billion yuan. In terms of bond issuance types, the issuance scale of tier-2 capital bonds is the highest, at 389.1 billion yuan, a substantial increase of 254% compared with 109.62 billion yuan in the same period in 2021; followed by financial bonds, with an issuance scale of 279.3 billion yuan; special loans for small and micro enterprises The scale of financial bond issuance was 214.5 billion yuan, ranking third. The issuance scale of perpetual bonds, green financial bonds, special financial bonds for "agriculture, rural areas and farmers", and innovation and entrepreneurship bonds were 158 billion yuan, 91.257 billion yuan, 8.4 billion yuan and 500 million yuan respectively.
It is worth noting that there are as many as 8 tier-2 capital bonds with a scale of over 10 billion yuan, compared with only 3 in the same period last year. The six major state-owned banks occupy the absolute "main force". Among them, the Industrial and Commercial Bank of China issued tier-2 capital bonds with a scale of up to 90 billion yuan. Agricultural Bank and China Construction Bank also issued tier-2 capital bonds of 60 billion yuan each in the first half of the year.
From the overall point of view of the issuers, the number of bonds issued by small and medium-sized banks occupies the "largest". More and more small and medium-sized banks have rushed into the team of issuing bonds to "replenish blood", most of which are in the hundreds of millions of yuan.
Talking about the reasons for banks to issue bonds to supplement capital, Zeng Gang, director of Shanghai Finance and Development Laboratory, said that on the one hand, banks must consolidate their own capital strength and maintain sufficient capital to better meet regulatory requirements. Financial institutions increase credit support for the real economy and supplement capital by issuing tier-2 capital bonds, which can help banks further enhance their ability to serve the real economy.
Although the current overall capital adequacy level of the banking industry meets regulatory requirements, data from the China Banking and Insurance Regulatory Commission shows that at the end of the first quarter of this year, the capital adequacy ratio of commercial banks (excluding branches of foreign banks) was 15.02%, down 0.11 percentage points from the end of the previous quarter. Therefore, compared with the past, banking financial institutions have more frequent capital replenishment needs.
The financial supervision department also stated that it will support commercial banks to replenish capital through more channels in the future. On July 17, the person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission stated that the Party Central Committee and the State Council attach great importance to the risk prevention of small and medium-sized banks, and take multiple measures to enhance capital strength and risk resistance. Since the beginning of this year, the China Banking and Insurance Regulatory Commission has actively worked with the Ministry of Finance and the People's Bank of China to accelerate the issuance of special bonds by local governments to supplement the capital of small and medium-sized banks.
It is reported that in the first half of the year, with the approval of the State Council, a special debt quota of 103 billion yuan has been allocated to Liaoning, Gansu, Henan and Dalian. In the near future, some local special bond issuance plans will be approved. It is expected that by the end of August, the allocation of the entire 320 billion yuan quota will be completed.
"In the next step, the China Banking and Insurance Regulatory Commission will, in accordance with the principle of 'there are plans in the province, fast as soon as possible, and batch distribution', urge local governments to report plans as soon as possible, speed up the approval process, complete the issuance of special bonds as soon as possible, and give full play to their risk prevention and stability. growth-promoting effect," the person in charge said.
Industry insiders predict that in the context of banks supporting the real economy and increasing loan issuance, asset growth and capital replenishment will continue. Zhou Maohua, a macro researcher at the Financial Market Department of China Everbright Bank, said that under the current tone of steady growth, it is necessary to promote bank credit, enhance financial support for the real economy, and prevent potential non-performing risks. It is expected that subsequent banks will continue to replenish capital. And the tools will be more diversified.
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