On the afternoon of March 30, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China issued announcements stating that it plans to issue shares to specific targets to raise funds.

Bank of China announced that it plans to issue A shares to specific targets

On March 30, Bank of China issued a plan to issue A shares to specific targets. This issuance is intended to be subscribed by the Ministry of Finance in cash, with the raised funds not exceeding RMB 165 billion. After deducting the relevant issuance fees, all of them will be used to increase the core tier 1 capital of Bank of China. This issuance plan can only be implemented after being reviewed and approved by the shareholders' meeting, approved by the State Administration of Financial Supervision and Administration, reviewed by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission.

Core Level 1 capital is the key driver for commercial banks to serve the real economy and promote their own high-quality development. This core tier 1 capital supplement will help Bank of China consolidate its capital foundation, optimize its capital structure, improve its stable operating capabilities and risk resistance capabilities, and better play the role of the main force serving the real economy and the ballast for maintaining financial stability. Bank of China said that in the next stage, it will resolutely implement the decisions and deployments of the CPC Central Committee and the State Council with practical actions, do a solid job in the "five major articles", inject financial vitality into the real economy, continuously improve global layout capabilities and international competitiveness, and continuously create a new situation for the high-quality development of Bank of China in helping to build a financial power.

China Construction Bank plans to raise no more than RMB 105 billion from the Ministry of Finance

On the afternoon of March 30, China Construction Bank issued an announcement stating that the board of directors passed a proposal on the conditions for issuing A-shares to specific targets. Among them, China Construction Bank plans to introduce strategic investment from the Ministry of Finance, with the total amount of funds raised no more than RMB 105 billion.

China Construction Bank stated that this issuance is another large-scale direct financing of common stocks after more than 10 years after the allocation of shares in 2010. The issuance scale reached 105 billion yuan, creating the largest equity financing scale in China Construction Bank, and is of great significance in the history of China Construction Bank's development.

The target of this issuance of China Construction Bank is the Ministry of Finance. The Ministry of Finance, which represents the state to invest in and supplement the capital of large banks. It is an important measure for the state to support the future stable operation and development of large state-owned banks. It reflects the country's firm confidence and strong support for large state-owned banks, sends positive signals to the secondary market, further drives the improvement of the market influence and performance of large state-owned banks, and boosts investor confidence.

The reporter learned from China Construction Bank that the issuance price of this additional issuance has a certain premium compared with the stock market price, which fully guarantees the interests of small and medium shareholders of China Construction Bank, balances the demands of original investors and new subscribers, is conducive to maintaining the stability of the secondary market, and reflects China Construction Bank's social responsibility as the ballast of financial stability.

Bank of Communications announces the plan for the private placement. The Ministry of Finance and China Tobacco participate in the subscription.

Today (March 30), the Board of Directors of the Bank of Communications reviewed and approved and disclosed the plan to issue A shares to specific targets. The number of shares issued by Bank of Communications this time shall not exceed 13.777 billion shares, and the total amount of funds planned to be raised is 120 billion yuan. The issuance targets are the Ministry of Finance of the People's Republic of China (hereinafter referred to as the Ministry of Finance), China Tobacco Corporation and its wholly-owned subsidiary China Shuangwei Investment Co., Ltd. (hereinafter referred to as China Tobacco).

The issuance price of this is a certain premium to the recent A-share secondary market price of Bank of Communications, and the issuing object promises to hold the shares subscribed for a long time. The funds raised from this private placement will be used to supplement the core tier 1 capital of the Bank of Communications.

Supporting large state-owned commercial banks to supplement core tier 1 capital is an important part of the national incremental policy package. It will effectively ensure the smooth operation of the financial system, strongly support large state-owned banks to play a greater role in economic structural adjustment, and further strengthen and boost market confidence. The increase in capital of the Ministry of Finance and China Tobacco into the Bank of Communications will significantly enhance the bank's capital strength, help enhance the bank's ability to serve the real economy and better promote high-quality development. The pricing and restricted period arrangements of the issuance of Bank of Communications demonstrate the confidence of major shareholders in the future development of Bank of Communications, and fully takes into account the interests of the majority of small and medium shareholders.

Bank of Communications stated that this refinancing will help the bank further consolidate its capital foundation, and focus on the "five big articles", play a greater role in fulfilling its main force and ballast responsibilities and achieving high-quality development, and make new contributions. Postal Savings Bank plans to issue A-shares to the Ministry of Finance, China Mobile Group and China Shipbuilding Group to raise a total of 130 billion yuan. Today (March 30) afternoon, Postal Savings Bank announced that it plans to issue A-shares to the Ministry of Finance, China Mobile Group and China Shipbuilding Group, with a total amount of 130 billion yuan raised to supplement core tier 1 capital. China Mobile Group and China Shipbuilding Group are affiliated parties of the bank, and their plans to participate in the subscription of shares issued this time constitute an affiliated transaction. This issuance can only be implemented after the shareholders' meeting is reviewed and approved by the State Administration of Financial Supervision and Administration, approved by the Shanghai Stock Exchange, and the China Securities Regulatory Commission's decision to register.

(CCTV reporter Sun Yan and Zhang Daofeng)