券商中国·2025-05-24 09:50Core Viewpoint - The article discusses the approval of A-share stock issuance by China Bank, Bank of Communications, and Postal Savings Bank to specific investors, aimed at raising capital to strengthen their core tier one capital [1][2]. Group 1: Stock Issuance Details - On March 30, the three banks announced plans to raise funds through A-share stock issuance, with total fundraising amounts of up to RMB 165 billion for China Bank, RMB 120 billion for Bank of Communications, and RMB 130 billion for Postal Savings Bank [4]. - The specific investors for these issuances include the Ministry of Finance, China Tobacco, and other entities, with subscription amounts detailed for each [4]. Group 2: Ownership Changes - Following the issuance, the Ministry of Finance will hold over 30% of Bank of Communications, making it the controlling shareholder, whereas the bank previously had no controlling shareholder or actual controller [5]. Group 3: Capital Utilization - The funds raised will be used entirely to supplement core tier one capital after deducting related issuance costs [6]. - The government plans to issue special treasury bonds worth RMB 500 billion to support state-owned commercial banks in capital replenishment, as part of a broader policy to enhance their risk resilience and credit capacity [6][8]. Group 4: Impact on Capital Adequacy - As of the end of 2024, the core tier one capital adequacy ratios of the major state-owned banks, except for Bank of Communications, have shown improvements compared to mid-2024 [7]. - Post-capital increase, Bank of Communications and Postal Savings Bank expect their core tier one capital adequacy ratios to rise by 1.28 percentage points and 1.51 percentage points, respectively, reaching 11.52% and 11.07% [7]. Group 5: Economic Support - The article emphasizes that enhancing the core tier one capital of state-owned banks is crucial for their stable operation and ability to support the real economy, thereby boosting market confidence [8]. - Financial authorities assert that the overall health of the six major state-owned banks is stable, with sufficient provisions and key indicators within a "healthy range," which supports the initiative to increase their core tier one capital [8].