In September, the listed banks replenished the blood of 240 billion through secondary capital bonds, leading the total amount by 8 months

category:Finance
 In September, the listed banks replenished the blood of 240 billion through secondary capital bonds, leading the total amount by 8 months


Issuance of 240 billion yuan of secondary capital bonds in a single month is on fire again!

Source: wind

In terms of the amount of issuance, the total amount of issuance of Bank of China, China Construction Bank, industrial and Commercial Bank of China is more than 60 billion yuan, and the total issuing scale of Shanghai Pudong Development Bank is 40 billion yuan.

According to the statistics of China Securities Jun, the scale of secondary capital bonds issued by listed banks from January to August this year was 238 billion yuan, compared with 80.5 billion yuan in the same period last September. This means that in September 2020 alone, the issuance scale of secondary capital bonds of listed banks will exceed that in the first eight months of this year.

TLAC regulatory pressure is approaching

In addition to the epidemic factors and interest yielding real economy, Guoxin Securities believes that the non-standard return table and the approach of TLAC supervision also increase the urgency of banks to supplement capital. Under the impact of the epidemic, the progress of off balance sheet financial management pressure drop of banks in the first half of the year has slowed down to a certain extent. At the same time, the central bank announced to extend the transition period of new capital management regulations to the end of 2021, but on the whole, the non-standard return statement will still accelerate banks With the consumption of capital and the increase of provisions, the pressure of some banks to supplement capital may not be fully released. In addition, a new round of TLAC regulatory requirements for global systemically important banks is on the way. As early as 2022, four industrial and agricultural banks have to meet the regulatory TLAC ratio of 19.5% to 20% of risk assets, which further intensifies the urgency of capital replenishment.

Source of TLAC adequacy ratio requirements: Guoxin Securities

The regulatory pressure of TLAC is mainly aimed at the four state-owned banks, which is one of the reasons why large banks continue to issue large amounts of bonds.

It is reported that in November 2015, the leaders of the group of 20 (G20) approved the provisions on the total loss absorption capacity of global systemically important banks submitted by the Financial Stability Board (FSB), which formally defined the international uniform standard of total loss absorption capacity. As of November 2019, industrial and Commercial Bank of China, Agricultural Bank of China and Construction Bank have been listed in the list of global systemically important banks by FSB. Zhongzhengjun noted that many investors have already asked big banks how to meet the regulatory requirements of TLAC on the interactive platform. It is worth mentioning that on September 30, the central bank, together with the China Banking and Insurance Regulatory Commission, drafted the measures for managing the total loss absorption capacity of global systemically important banks (Draft for comments), which officially solicited opinions from the public. This version is also known as the Chinese version of TLAC. Some insiders predict that the pressure on capital replenishment of the four major banks will be further increased, and several other large banks may also enter the regulatory framework of global systemically important banks. (the original title is the listed banks in September are busy with tonifying blood , and this kind of financing is 240 billion! This big business still has 160 billion on its way.)_ NF5619

Zhongzhengjun noted that many investors have already asked big banks how to meet the regulatory requirements of TLAC on the interactive platform.

It is worth mentioning that on September 30, the central bank, together with the China Banking and Insurance Regulatory Commission, drafted the measures for managing the total loss absorption capacity of global systemically important banks (Draft for comments), which officially solicited opinions from the public. This version is also known as the Chinese version of TLAC. Some insiders predict that the pressure on capital replenishment of the four major banks will be further increased, and several other large banks may also enter the regulatory framework of global systemically important banks.

(the original title is the listed banks in September are busy with tonifying blood , and this kind of financing is 240 billion! The big business still has 160 billion on its way.)