Bank preferred shares redeem over one trillion yuan within the year, scarcity prompts asset management institutions to sell cautiously.

Since December, including Changsha Bank, five banks including Bank of Beijing, Bank of Shanghai, Bank of Hangzhou, and Bank of Nanjing have successively announced the redemption of their preferred shares, with a total scale of 45.8 billion yuan. If Industrial and Commercial Bank of China, Bank of China, Industrial Bank, and Ningbo Bank, which redeemed preferred shares since 2025, are included, the number of banks redeeming preferred shares since 2025 has increased to 9. Several research experts have stated that as a capital tool for banks, the issuance of new preferred shares by banks has nearly come to a standstill after 2020. At the same time, with the accelerated redemption and delisting of existing bank preferred shares, the total amount of outstanding preferred shares has continued to decrease. In recent years, in order to optimize their capital structure, commercial banks have continuously strengthened their willingness to redeem preferred shares. From the perspective of asset management institutions, the scarcity of bank preferred shares has become more prominent.