重磅！又见千亿级定增

Core Viewpoint - The recent capital increase by state-owned banks, particularly the completion of a 130 billion yuan capital raise by Postal Savings Bank, signifies a strategic move to enhance capital adequacy and support future growth [2][4]. Group 1: Capital Increase Details - Postal Savings Bank has completed a private placement of approximately 20.934 billion shares at a price of 6.21 yuan per share, raising a total of 130 billion yuan [4]. - The capital raised is expected to increase the bank's core Tier 1 capital adequacy ratio by 1.5 percentage points [4][5]. - The Ministry of Finance has become a shareholder in Postal Savings Bank for the first time, acquiring 11.758 billion yuan worth of shares, which gives it a stake of over 15%, making it the third-largest shareholder [4][5]. Group 2: Strategic Implications - The capital raised will be used entirely to supplement the core Tier 1 capital, strengthening the bank's capital base and enhancing its ability to serve the real economy [5]. - The issuance is viewed as a milestone in the bank's reform and development, aimed at improving its operational stability and supporting macroeconomic recovery [5]. - The overall capital increase across major state-owned banks is part of a broader strategy to optimize capital structures and enhance their capacity to support national economic strategies [9]. Group 3: Industry Context - As of the end of 2024, the core Tier 1 capital adequacy ratios for major state-owned banks are as follows: Industrial and Commercial Bank of China (14.1%), Agricultural Bank of China (11.42%), Bank of China (12.2%), China Construction Bank (14.48%), Bank of Communications (10.24%), and Postal Savings Bank (9.56%) [8]. - The capital increase is aligned with government initiatives to issue special treasury bonds to support the capital replenishment of large state-owned commercial banks [6][8].