工行、农行、中行、建行均在发行

Group 1 - Agricultural Bank of China announced the issuance of 600 billion RMB in subordinated capital bonds, consisting of 350 billion RMB in 10-year fixed-rate bonds and 250 billion RMB in 15-year fixed-rate bonds [1] - This marks the second issuance of subordinated capital bonds by Agricultural Bank of China since the beginning of the second quarter, following a 500 billion RMB perpetual bond issuance on May 29 [3] - Other major banks, including Industrial and Commercial Bank of China, China Construction Bank, and Bank of China, have also completed similar bond issuances to supplement their capital [3][4] Group 2 - The issuance of subordinated and perpetual bonds by banks has accelerated since May, with a total issuance of 648.16 billion RMB in the first five months of the year, reflecting a 3.63% increase compared to the same period last year [4] - The issuance in May alone reached a record high for the year, indicating a strong demand for capital among commercial banks [4] - Experts attribute the increased issuance to stricter regulatory requirements, the need for capital to support business expansion, and favorable market conditions [5] Group 3 - Regulatory pressures, such as the implementation of Basel III, are driving banks to proactively enhance their capital levels to meet stricter capital adequacy requirements [5] - Economic recovery is pushing banks to increase credit support for key sectors, leading to a higher demand for capital to offset the consumption caused by increased lending [5] - The current market environment, characterized by low interest rates and regulatory encouragement, allows banks to optimize their capital structure and reduce financing costs through the issuance of subordinated and perpetual bonds [5]