Core Viewpoint - Postal Savings Bank of China (PSBC) has successfully completed a significant capital increase through a private placement, marking the first large-scale state investment in the bank, with the Ministry of Finance becoming its third-largest shareholder [3][4][5]. Group 1: Capital Increase Details - PSBC raised 130 billion yuan through a private placement, with the Ministry of Finance contributing 117.58 billion yuan, China Mobile Group 7.854 billion yuan, and China Shipbuilding Group 4.566 billion yuan [3][4]. - The capital raised will be used to enhance the bank's core tier one capital, expected to increase the capital adequacy ratio by 1.5 percentage points [5]. - The final issuance price was set at 6.21 yuan per share, representing a premium of approximately 14.36% over the closing price prior to the announcement [5][6]. Group 2: Broader Banking Sector Context - The issuance of perpetual bonds (二永债) has accelerated in the banking sector, with total issuance nearing 800 billion yuan this year, close to last year's figures [8][9]. - Major banks are expected to face a contraction in the supply of perpetual bonds due to the completion of capital injections and the issuance of TLAC bonds, while smaller banks will continue to experience pressure to issue [9][10]. - The average dividend yield for PSBC is approximately 4.74%, which is higher than that of other major banks, indicating a relatively strong return for investors [6][10].