500 billion yuan special national bonds will be fully received by the four major banks, and the capital raised through private placement from the four major banks will be implemented.
On the evening of June 23, China Construction Bank announced that the bank successfully issued A-shares to specific entities, with the Ministry of Finance as the issuer, raising a total of 105 billion yuan. After deducting related issuance expenses, the funds will be used to supplement the bank's core Tier 1 capital. With China Construction Bank's issuance of over 100 billion yuan completed, the 500 billion yuan special national debt injection into four state-owned banks has been fully received. Earlier on June 13 and 17, Bank of Communications, Bank of China, and Postal Savings Bank of China successively announced the completion of over 100 billion yuan in private placements. The three large banks raised funds of 120 billion yuan, 165 billion yuan, and 130 billion yuan respectively, with the Ministry of Finance subscribing to 112.42 billion yuan, 165 billion yuan, and 117.58 billion yuan, totaling 500 billion yuan in contributions. The funds were sourced from central financial institutions investing in special national debt.
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