Listed banks may need ¥300b in capital, says BNP Paribas

0 CommentsPrint E-mail China Daily, November 21, 2009
Adjust font size:

China's 11 largest publicly-traded banks may need to raise about 300 billion yuan by selling shares and bonds to ensure they have adequate capital for credit growth, according to BNP Paribas.

The lenders would need as much as 368 billion yuan to keep their capital ratio at 12 percent, BNP said in a note to clients on Friday. Bank of China Ltd, the nation's third-largest by market value, would need 137 billion yuan.

The government has encouraged a $1.3 trillion credit boom this year to complement its monetary and fiscal stimulus plans, propelling the economy last quarter to its fastest pace of growth in a year.

China Minsheng Banking Corp on Thursday raised HK$30.1 billion to plug a shortfall, and China Merchants Bank Co aims to sell shares by year end.

With expectations of "fast loan growth and balance sheet expansion in 2009/10, banks will likely need to raise new capital to meet regulator's higher capital-adequacy standards", analysts led by Dorris Chen wrote.

"Potential equity/hybrid debt raising could pose a sector overhang in 2010/11."

The China Banking Regulatory Commission said in September it plans to tighten capital requirements for banks by capping cross holdings of subordinated bonds. The regulator also tightened lending requirements on loans for fixed-asset investments and mortgages to avoid misuse of funds.

China Minsheng, the nation's first privately owned lender, raised funds in Hong Kong's biggest public share sale since April 2007. China Merchants aims to sell as much as 22 billion yuan in shares in a rights offer by the end of the year, President Ma Weihua said last week.

The credit expansion has led housing prices to post their biggest gains in more than a year and aided an 82 percent climb in the Shanghai Composite Index of stocks.

China may need to rein in credit growth to tame inflationary pressures and keep asset bubbles from emerging as growth accelerates, the Organization for Economic Cooperation and Development said on Thursday.

New loans are expected to be 7 trillion yuan in 2010, BNP estimated, after climbing to 8.9 trillion yuan in the first 10 months of this year.

PrintE-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 亚洲一区无码中文字幕| 午夜免费电影网| 亚洲免费在线观看| 狠狠色综合网站久久久久久久| 国产一区二区三区四| 黄瓜视频在线观看视频| 国产精品久线在线观看| 97精品依人久久久大香线蕉97| 好想吃你的馒头| 中文字幕亚洲精品| 日本久久久久中文字幕| 九九热视频精品| 欧美人与动另类在线| 亚洲熟女精品中文字幕| 理论片在线观看免费| 午夜伦情电午夜伦情影院| 色偷偷成人网免费视频男人的天堂 | 岛国大片免费观看| 中文无码字幕中文有码字幕| 日本道色综合久久影院| 亚洲AV无码成人精品区狼人影院| 欧美性色黄大片www喷水| 亚洲欧美清纯校园另类| 激情影院在线观看十分钟| 免费乱码中文字幕网站| 精品一区二区三区电影| 国产私拍福利精品视频推出| 91福利国产在线观看网站| 在线观看日本www| AV无码久久久久不卡蜜桃| 夫妇交换3中文字幕| 一个人看的www免费高清| 少妇极品熟妇人妻| 一级毛片成人免费看a| 成人3d黄动漫无尽视频网站| 中文国产成人精品久久下载| 成人观看网站a| 中国凸偷窥XXXX自由视频| 成人国产在线观看高清不卡| 中国女人内谢69xxx| 成人免费视频69|