Within the year, the issuance scale of banks' Tier 2 capital bonds and perpetual bonds increased by nearly 30% year-on-year.

Commercial banks' capital replenishment is being implemented intensively. Wind data shows that as of September 28, commercial banks have issued 88 tier-two capital bonds and perpetual bonds during the year, with a total issuance scale exceeding 1.6 trillion yuan, up 29.53% from the same period last year. The bank capital replenishment market shows clear divergence: large and medium-sized banks seize the window to issue tier-two capital bonds and perpetual bonds to replenish capital, while small and medium-sized banks mainly rely on methods such as capital increases and share expansion to replenish capital.