On April 3, the National Financial Regulatory Administration issued a recent approval permitting China Construction Bank to issue capital instruments and total loss-absorbing capacity non-capital debt instruments worth 700 billion yuan or equivalent in foreign currencies. Among these, the capital instruments quota amounts to 450 billion yuan or equivalent in foreign currencies, including perpetual capital bonds and tier-2 capital bonds. The total loss-absorbing capacity non-capital debt instruments quota is set at 250 billion yuan or equivalent in foreign currencies.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments