--- 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: 西西人体午夜视频| 国产精品久久久久影视青草| 在线亚洲精品视频| 国产在线观看网站萌白酱视频| 全免费A级毛片免费看网站| 在线播放无码高潮的视频| 国产成人精品高清免费 | 国产精品免费播放| 噜噜噜在线视频| 亚洲一区二区三区影院| 三级免费黄色片| 中国黄色毛片大片| 100款夜间禁用b站软件下载| 2021国产精品视频网站| 美女毛片免费看| 精品伊人久久久香线蕉| 日韩精品午夜视频一区二区三区 | 成人片黄网站A毛片免费| 国产精品久久久久电影| 伊人久久大香线蕉AV成人| 亚洲视频在线网| 中文字幕日韩人妻不卡一区| 69精品免费视频| 福利片福利一区二区三区| 日韩电影中文字幕在线观看| 国产香蕉一区二区三区在线视频 | 美女被免费网站视频在线| 欧洲动作大片免费在线看| 天天爽亚洲中文字幕| 国产免费av片在线观看| 亚洲午夜国产精品| 久久精品隔壁老王影院| 97色在线视频观看香蕉| 色偷偷91综合久久噜噜| 最近中文字幕大全高清视频| 国产麻豆va精品视频| 免费的一级黄色片| 久久九九久精品国产| 欧美高清一区二区三| 野花日本免费观看高清电影8| 欧美性受xxxx喷水性欧洲|