Core Viewpoint - The demand for capital replenishment among small and medium-sized banks is increasing, as evidenced by recent approvals for the issuance of perpetual bonds and other capital instruments [1][2][3] Group 1: Recent Developments - Lanzhou Bank has received regulatory approval to issue up to 5 billion RMB in perpetual bonds, with the flexibility to decide on the timing and scale within 24 months [1] - Xi'an Bank has been approved to issue up to 7 billion RMB in perpetual bonds, also with similar issuance flexibility [1] - Other banks, including Zhejiang Chouzhou Commercial Bank and Shanxi Bank, have also received approvals for capital instruments, indicating a broader trend [1] Group 2: Capital Adequacy and Sources - In Q1 of this year, the capital adequacy ratios for city commercial banks, private banks, and rural commercial banks were 12.44%, 11.98%, and 12.96% respectively, compared to 17.79% and 13.71% for state-owned and national joint-stock banks [2] - Capital replenishment for banks can be categorized into internal and external sources, with internal sources primarily being retained earnings and external sources including IPOs, rights issues, and various types of bonds [2] Group 3: Challenges and Opportunities - There are over 4,000 small and medium-sized banks in China, accounting for 99% of the banking system, but they face challenges in capital replenishment compared to larger banks [3] - The recent approvals for perpetual bonds indicate that the channels for capital replenishment for small and medium-sized banks are expanding [3] - The issuance of perpetual bonds by private banks, such as MyBank, is becoming more common, although historically it has been rare due to high regulatory standards and market concerns [4][5] Group 4: Expert Insights - Experts suggest that feasible capital replenishment methods for small and medium-sized banks include shareholder capital injection, issuance of subordinated debt, profit retention, attracting strategic investors, and local government support [5] - The regulatory environment is expected to continue improving, which may lead to a more diversified capital replenishment system for private and small banks [5]

证券代码：600928 证券简称：西安银行 公告编号：2025-035 西安银行股份有限公司 关于赎回二级资本债券的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 2020 年 6 月 22 日-24 日，西安银行股份有限公司（以下简称"公 司"）在全国银行间债券市场发行了规模为人民币 20 亿元的二级资本 债券（以下简称"本期债券"），并于 2020 年 6 月 25 日发布了《西安 银行股份有限公司关于 2020 年二级资本债券（第一期）发行完毕的 公告》。根据本期债券募集说明书相关条款规定，本期债券设有发行 人赎回选择权，发行人有权在本期债券第 5 个计息年度的最后一日 （2025 年 6 月 24 日），按面值全部赎回本期债券。 2025 年 6 月 25 日 截至本公告日，本公司已行使赎回权，并全额赎回了本期债券。 特此公告。 西安银行股份有限公司董事会 ...

银行板块短线跳水，长沙银行（601577）、苏农银行（603323）跌超2%，中信银行（601998）、西安 银行（600928）、齐鲁银行（601665）、青岛银行（002948）纷纷下挫。 ...

Core Viewpoint - Recent actions by several small and medium-sized banks to supplement capital indicate a new wave of financing efforts, primarily through the issuance of perpetual bonds and secondary capital bonds, as well as capital increases and targeted placements [1][2]. Group 1: Capital Supplementation Actions - Lanzhou Bank and Xi'an Bank have received regulatory approval to issue perpetual capital bonds for the first time since their listings, with Lanzhou Bank allowed to issue up to 5 billion RMB and Xi'an Bank up to 7 billion RMB [2]. - The issuance of "perpetual bonds" by commercial banks has accelerated, with 47 bonds issued in 2023, totaling 794.96 billion RMB, showing a slight increase compared to the same period last year [2]. Group 2: Reasons for Accelerated Issuance - The capital adequacy ratios of small and medium-sized banks are generally lower than those of large banks, with some experiencing a downward trend, necessitating capital supplementation to meet operational needs [3]. - The profitability pressures faced by some banks limit their ability to supplement capital internally, leading them to turn to external channels such as bond issuance [3]. Group 3: Capital Increase and Share Issuance - In response to ongoing capital pressure, small and medium-sized banks are accelerating capital increases through share issuance or targeted fundraising [4]. - Regulatory approvals have been granted for several banks, including Zhuhai Rural Commercial Bank and Zhangjiakou Bank, to increase their registered capital [4]. Group 4: Capital Adequacy Ratios - As of the first quarter of 2025, the capital adequacy ratio for commercial banks (excluding foreign bank branches) was 15.28%, with city commercial banks and rural commercial banks at 12.44% and 12.96%, respectively, significantly lower than large commercial banks at 17.79% [5]. - The banking sector is facing challenges such as declining net interest margins and rising asset quality pressures, which impact profitability and internal capital supplementation capabilities [5].

二级资本债券（第二期）发行完毕的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 证券代码：600928 证券简称：西安银行 公告编号：2025-034 西安银行股份有限公司关于 2025 年 本期债券的募集资金将依据适用法律和监管部门的批准用于充 实本公司二级资本，提高资本充足率，以增强本公司营运实力，提高 抗风险能力，支持业务持续稳健发展。 特此公告。 西安银行股份有限公司董事会 2025 年 6 月 20 日 经国家金融监督管理总局陕西监管局和中国人民银行批准，西安 银行股份有限公司（以下简称"本公司"）近日在全国银行间债券市 场成功发行"西安银行股份有限公司 2025 年二级资本债券（第二期）" （以下简称"本期债券"）。 本期债券于 2025 年 6 月 18 日簿记建档，并于 2025 年 6 月 20 日 发行完毕，发行规模为人民币 20 亿元，品种为 10 年期固定利率债券， 在第 5 年末附有前提条件的发行人赎回权，票面利率为 2.3%。 ...

Core Viewpoint - Recent approvals for perpetual bonds by banks in Northwest China, specifically Lanzhou Bank and Xi'an Bank, indicate a strategic move to enhance capital adequacy ratios amid tightening capital conditions [5][6][8]. Group 1: Bond Issuance Approvals - Lanzhou Bank has received regulatory approval to issue up to 5 billion RMB in perpetual bonds, with the flexibility to decide on timing, batches, and scale within 24 months [1]. - Xi'an Bank has also been approved to issue up to 7 billion RMB in perpetual bonds, similarly allowing for autonomous decisions regarding issuance timing and scale within the next 24 months [3]. Group 2: Purpose of Bond Issuance - The issuance of perpetual bonds is primarily aimed at improving capital adequacy ratios, as banks are currently facing tighter capital conditions [5]. - Both banks have disclosed their plans for the use of raised funds, with Lanzhou Bank intending to enhance its ability to support local businesses and promote stable business development [8]. - Xi'an Bank plans to use the funds to meet macro-prudential capital adequacy requirements and support its ongoing business growth [8]. Group 3: Market Trends and Context - The issuance of "perpetual bonds" has accelerated since the second quarter, with total issuance surpassing the previous year's figures [5][9]. - As of now, the cumulative issuance of "perpetual bonds" by domestic commercial banks has reached approximately 770.16 billion RMB, with 596.3 billion RMB issued in the second quarter alone [9]. - The decline in bond market interest rates has contributed to the increased pace of issuance, with current costs remaining at historical lows [9].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 近日，西安银行股份有限公司（以下简称"公司"）收到《陕西 金融监管局关于西安银行股份有限公司发行无固定期限资本债券的 批复》（陕金监复[2025]115 号），陕西金监局同意本公司发行不超过 70 亿元人民币的无固定期限资本债券，在批准后的 24 个月内，可自 主决定发行时间、批次和规模。 本公司将严格按照《商业银行资本管理办法》等监管规定，做好 本次无固定期限资本债券的发行管理和信息披露工作。 证券代码：600928 证券简称：西安银行 公告编号：2025-032 西安银行股份有限公司关于无固定期限 资本债券发行额度获监管机构批准的公告 特此公告。 2025 年 6 月 18 日 西安银行股份有限公司董事会 ...

近日，本公司收到股东西安金控的通知，获悉其将持有本公司已 质押的 50,000,000 股股份办理了解除质押手续，具体情况如下： 西安银行股份有限公司 关于股东解除股份质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示 西安金融控股有限公司（以下简称"西安金控"）持有西安银 行股份有限公司（以下简称"公司"）113,610,169股股份，占公司 总股本的2.56%。本次解除股份质押后，西安金控持有的公司股份无 质押情形。 证券代码：600928 证券简称：西安银行 公告编号：2025-033 | 股东名称 | 西安金融控股有限公司 | | --- | --- | | 本次解除质押股份 | 50,000,000 股 | | 占其所持股份比例 | 44.01% | | 占公司总股本比例 | 1.12% | | 解除质押时间 | 2025 年 6 月 16 日 | | 持股数量 | 113,610,169 股 | | 持股比例 | 2.56% | | 剩余被质押股份数量 | 0 股 | | 剩余被质押股份数量 ...

Core Viewpoint - Xi'an Bank has received approval from the Shaanxi Banking Regulatory Bureau to issue capital bonds not exceeding 7 billion RMB, which can be issued within 24 months at the company's discretion [1] Group 1 - The approved capital bonds will have no fixed term [1] - The company is required to manage the issuance and information disclosure in accordance with the "Measures for the Capital Management of Commercial Banks" and other regulatory requirements [1] - The issuance can be conducted in multiple batches and scales as determined by the company [1]

Core Viewpoint - Local small and medium-sized banks in China are accelerating capital replenishment actions in response to regulatory pressures and the need for financial stability [2][8] Group 1: Capital Replenishment Actions - Su Nong Bank plans to increase its registered capital from 1.803 billion to 2.019 billion yuan through the conversion of convertible bonds and capital reserves [2] - Luzhou Bank intends to issue up to 1 billion new H shares, with a shareholder meeting scheduled for the end of June [2] - Several banks, including Jilin Bank and Tianjin Rural Commercial Bank, are also in the process of capital replenishment through various means [2] Group 2: Challenges and Pressures - The banking sector is experiencing a prolonged low-interest-rate environment, leading to a narrowing net interest margin and increased pressure on revenue growth [3] - Rising default rates among corporate and individual clients due to real estate market issues and local government debt are further straining asset quality [3] - Regulatory bodies are imposing stricter requirements on risk management and internal controls for small and medium-sized banks, necessitating reforms and restructuring [3] Group 3: Strategic Considerations - Optimizing equity structure and enhancing market competitiveness are key considerations for capital increases, with potential benefits from introducing strategic investors [5] - Capital adequacy is crucial for banks to maintain trust and expand business operations in a competitive market [5] Group 4: Effects of Capital Increase - Capital increases will enhance capital adequacy ratios, allowing banks to meet regulatory requirements and expand credit offerings [6] - Higher capital levels improve risk resilience, providing a buffer against potential losses amid economic downturns [6] - Introducing strategic investors can lead to improved governance and operational efficiency [6] Group 5: Future Trends in Capital Replenishment - The trend of capital replenishment among local banks is expected to continue, driven by regulatory demands and the need for strategic development [8] - The banking sector is likely to seek diverse capital sources, including local state-owned enterprises and foreign investments, to optimize governance and enhance competitiveness [9] - As economic structures evolve, banks will need to invest in new business areas, necessitating further capital increases to support digital transformation and risk management improvements [9]