近9000亿元！年内银行“二永债”发行“井喷”

Group 1 - The issuance of perpetual bonds (二永债) by commercial banks has significantly accelerated, particularly in the second quarter, with a total of 894.56 billion yuan issued across 57 bonds by July 15 [1] - In the second quarter alone, 43 bonds were issued, amounting to 638.7 billion yuan, which is more than three times the issuance in the first quarter [1] - The issuance of perpetual bonds reflects the substantial capital replenishment pressure faced by small and medium-sized banks [1][3] Group 2 - The issuance of perpetual bonds is concentrated in economically developed regions such as Jiangsu, Zhejiang, and Guangdong, while other regions show lower activity [2] - State-owned banks are experiencing a marginal decrease in demand for perpetual bonds as their capital adequacy ratios are already at high levels, indicating a shift in issuance focus towards smaller banks [2] - As of the end of the first quarter, the capital adequacy ratios for city commercial banks and rural commercial banks were 12.44% and 12.96%, respectively, which are significantly lower than the 17.79% of state-owned banks [3] Group 3 - The demand for external capital replenishment among banks is expected to continue increasing in the second half of the year, with the issuance of perpetual bonds likely to maintain an upward trend [3]