China Construction Bank Intends To Issue 80 Billion Yuan Subordinated Debt &Nbsp; 40 Billion Yuan Has Been Approved.

On the night of October 19th, Construction Bank (601939, SH) announced that the company

At the same time, it announced that the bank recently received the reply of the China Banking Regulatory Commission on the issue of subordinated bonds issued by China Construction Bank, and the decision of the people's Bank of China to grant administrative permission, and agreed to issue a public offering of sub class bonds which does not exceed RMB 40 billion yuan in the inter-bank bond market.

Prior to that, Guo Shuqing, chairman of CCB, said in the briefing of the bank's semi annual performance report that the core capital adequacy ratio of CCB is totally beyond the requirements of the CBRC, but supplementary capital is needed.

CCB intends to issue 80 billion yuan subordinated debt in the future to supplement subsidiary capital.

Guo Shuqing said that China Construction Bank hopes that the 80 billion yuan RMB subordinated debt will be issued in Hongkong, which is also conducive to Hongkong's construction of the offshore RMB market. However, taking into account the capacity of the Hongkong market, it may not be able to bear it at once. So the 80 billion part may be part of Hongkong, partly in the mainland.