More Chinese banks plan to issue perpetual bonds to replenish capital after state-owned Bank of China became the first such issuer in January.
As of Tuesday, 10 major lenders have announced plans to sell perpetual bonds, with total offerings of 520 billion yuan.
The board of China Construction Bank, one of the big four state-owned banks, has approved a plan to sell 40 billion yuan of perpetual bonds, the bank said late Monday. Industrial Bank also plans to . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting with details, data and perspectives you don't read elsewhere
- THE WIRE - a real-time financial news platform focused on China
- Daily Brief newsletter to get you prepared for every trading day
- An indispensable and reliable source of information on China's economy and financial markets
We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In