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China's Systemically Important Banks Poised to Meet Capital Requirements, Fitch Says
Zhongtai: The senior law significantly saves bank capital, and under the improved market preference, attention is paid to the performance of quality banks.
Zhongtai stated that the regulatory authorities have relaxed the acceptance of advanced capital method applications. Based on the case of China Merchants Bank, the advanced method significantly saves capital, with a core Tier 1 capital adequacy ratio about 2 percentage points higher than the weighted method. If the top tier listed banks subsequently implement the advanced method, it is expected to increase the core Tier 1 capital adequacy ratio of the top tier listed banks by more than 1 percentage point.
The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.
① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.
Bank of Communications Sells 30 Billion Yuan in Four-Year Bonds
Express News | Bank of Communications Sets UPS in Branch Dubai International Financial Centre (Difc) - Statement
Bank of Communications (03328.HK) issues 30 billion yuan first phase total loss absorption capacity non-capital bonds.
On November 27, Gelonghui reported that the bank of communications (03328.HK) announced that, with the approval of the National Financial Regulatory Administration and the People's Bank of China, it recently issued the 'Bank of Communications Co., Ltd. 2024 First Phase Total Loss Absorption Non-Capital Bonds (Bond Connect)' in the national interbank bond market, which was completed on November 27, 2024. The issuance scale of this bond is 30 billion yuan, for a 4-year fixed-rate bond with a coupon rate of 2.11%, and it includes a conditional early redemption option at the end of the third year. The raised funds from this bond, after deducting issuance costs, will be used in accordance with applicable laws and regulations.
