Zheng Quan Shi Bao Wang·2025-11-09 23:27Core Viewpoint - Major Chinese banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), have announced their bond issuance plans for 2026, indicating a strong focus on raising capital through various debt instruments [1] Group 1: Bond Issuance Plans - ICBC plans to issue financial bonds not exceeding 488 billion yuan [1] - CCB intends to issue capital instruments and non-capital debt instruments totaling no more than 700 billion yuan [1] - Other state-owned banks, such as Agricultural Bank of China and Postal Savings Bank of China, are also reviewing their future financial bond and capital tool issuance limits [1] Group 2: Market Trends - As of November 9, the total bond issuance by commercial banks for the year has reached 2.88 trillion yuan [1] - The combined issuance of Tier 2 capital bonds and perpetual bonds (referred to as "two perpetual bonds") is approximately 1.37 trillion yuan, showing little change compared to the same period last year [1] - Financial bonds, including bank "two perpetual bonds" and TLAC (Total Loss-Absorbing Capacity) bonds, are becoming core assets for asset management institutions [1]