In the first three quarters of this year, commercial banks issued a significant amount of second-tier capital bonds and perpetual bonds, with a total scale of about 1.63 trillion yuan, an increase of about 30% over the previous year. Continued redemptions of stock bonds and new capital requirements brought about by credit investment jointly push banks to speed up “blood supplementation.” Looking at the supplementary path, large and medium-sized banks have become the main issuers of permanent bonds, while small and medium-sized banks are more likely to supplement capital through capital increases and stock expansion.

In the first three quarters of this year, commercial banks issued a significant amount of second-tier capital bonds and perpetual bonds, with a total scale of about 1.63 trillion yuan, an increase of about 30% over the previous year. Continued redemptions of stock bonds and new capital requirements brought about by credit investment jointly push banks to speed up “blood supplementation.” Looking at the supplementary path, large and medium-sized banks have become the main issuers of permanent bonds, while small and medium-sized banks are more likely to supplement capital through capital increases and stock expansion.