The Bank of China's booth is seen during an expo in Shenzhen, Guangdong province. CHINA DAILY
China's commercial banks stepped up the issuance of tier 2 capital bonds and perpetual bonds in the second quarter to replenish capital, strengthen resilience against financial risks and better serve the real economy.
According to market tracker Wind Info, 20 commercial banks issued 36 tier 2 capital bonds and perpetual bonds from April 8 to Thursday, with a total issuance volume of 988 billion yuan ($145 billion).
During this period, large State-owned commercial banks and joint-stock commercial lenders dominated the issuance. China's six largest State-owned commercial banks by assets issued 16 such bonds totaling 615 billion yuan, accounting for more than 62 percent of the total. Joint-stock commercial banks issued 13 such bonds totaling 325 billion yuan.
City commercial lenders issued only six such bonds. Bank of Beijing, Bank of Ningbo, Hankou Bank, Bank of Quanzhou, Guilin Bank and Bank of Ganzhou issued perpetual bonds totaling 46.5 billion yuan, accounting for a combined share of 4.7 percent.
