--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

CCB Plans to Issue US$2 b Debt

China Construction Bank, one of the country's four largest State-owned banks preparing for initial public offerings (IPO) next year, will issue up to 16.7 billion yuan (US$2 billion) in subordinated debt on December 21-22.

The bank plans to issue 10 billion yuan (US$1.2 billion) in 10-year bonds. But it reserved the option to expand that to 16.7 billion yuan (US$2 billion), depending on investor demand, the bank said at a statement.

This will be the third sale of such debt by the bank to replenish its capital base ahead of the planned IPO.

The bank issued 23.3 billion yuan (US$2.8 billion) in subordinated bonds in the first two sales of such bonds in July and September. The bonds rank after other bank liabilities in terms of claims on bank assets.

The bank did not say how much the new bond issuance will contribute to the bank's capital adequacy ratio, a measure of how much capital it has relative to assets.

It said in an earlier report that its capital adequacy ratio reached 9.39 per cent at the end of September.

Aiming to further increase capital strength, optimize capital structure and diversify ownership, the bank is also planning to usher in foreign company investors as its equity owners.

Chang Zhenming, president of China Construction Bank, said at a press conference last month that his bank was in talks with two or three potential strategic investors.

The strategic investors should be well-known internationally and have rich experience, he said.

"Their contributions to management and experience are vital for us," he said.

The bank, which won a US$22.5 billion bail-out from the government in late December, was chosen by the central government as a pilot project to turn it into a joint stock bank.

It established a joint stock listing vehicle in September, following the split of the institution into two.

During the first nine months of this year, the bank earned 49.9 billion yuan (US$6.0 billion) in profits before setting aside provisions for bad loans.

The profits represented an increase of 8.8 billion yuan (US$1.1 billion) or 21.5 per cent compared with the same period a year ago.

Economists said this suggests the profit capability of the bank remains strong.

Niu Li, a senior economist with the State Information Centre, said domestic banks need to further increase their profit capability.

Chinese commercial banks would have to sharpen their competitive edge before foreign banks can enter the Chinese market without restrictions before the end of 2006, he told China Daily.

(China Daily December 16, 2004)

Banking Reforms Positive
BOC, CCB Approaching Int'l Standards
Two Top Banks May Go Public Next Year
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 巨胸喷奶水视频www网快速| 欧美xxxx性猛交bbbb| 国产一区二区三区欧美| 日本a∨在线观看| 国内揄拍国内精品| 免费a级毛片无码a| 四虎永久在线观看视频精品| 在线观看无码的免费网站| 一本久道久久综合| 成年美女黄网站小视频| 亚洲国产一区在线观看| 热热色原原网站| 免费人成在线观看视频高潮| 美女久久久久久久久久久| 国产乱妇乱子在线播视频播放网站| 国产精品va一级二级三级| 女人体a级1963免费| 久草资源站在线| 欧美乱人伦人妻中文字幕| 亚洲欧美国产精品久久久| 波多野结衣被躁| 健身私教干了好几次| 精品久久久久久无码人妻蜜桃| 四虎永久免费地址ww484e5566 | 亚洲伊人久久大香线蕉综合图片| 欧美综合图片一区二区三区| 亚洲精品国精品久久99热| 色综合久久88色综合天天| 国产又色又爽又黄的| 91香蕉视频黄色| 国产成人综合色视频精品| 亚洲精品你懂的| 国产福利一区二区精品秒拍| 窝窝女人体国产午夜视频| 国产精品对白刺激久久久| 2021年北京马三1死2重伤| 国产色综合天天综合网| 91啦视频在线| 国产综合精品一区二区三区| 一级毛片特级毛片国产| 成人欧美一区二区三区黑人免费|