In the first quarter of this year, commercial banks issued 342.52 billion yuan of bonds, including 112 billion yuan of special financial bonds for loans to small and micro enterprises, accounting for nearly one-third.
The overall issuance scale of commercial bank bonds in March increased significantly compared with the first two months of this year. According to the statistics of the issuance announcement disclosed by China Bond Information Network, the amount of commercial bank bonds issued in March this year was 231.86 billion yuan. The types of bonds issued include: special financial bonds for loans to small and micro enterprises, secondary capital bonds and non fixed term capital bonds (i.e. perpetual bonds), green financial bonds, and special financial bonds for agriculture, rural areas, and farmers.
According to previous statistics of the surging news, 17 commercial banks issued 110.66 billion yuan of bonds in January and February this year, including 52 billion yuan of special financial bonds for small and micro enterprise loans. With the issuance scale of commercial bank bonds in March, the issuance scale of commercial bank bonds in the first quarter of this year reached 342.52 billion yuan, of which the issuance scale of special financial bonds for loans to small and micro enterprises was 112 billion yuan, accounting for nearly one-third.
Dong Ximiao, the chief researcher of Zhaolian Finance and part-time researcher of the Institute of Finance of Fudan University, said in an interview with the surging news that the government work report has put forward high requirements for bank loans to small and micro enterprises for several consecutive years, so banks should be supported to obtain relatively low-cost funds through more channels to enhance the sustainability of bank support services to small and micro enterprises. On the one hand, issuing financial bonds for small and micro enterprises may need to innovate more ways to broaden the sources of liabilities of banks, especially small and medium-sized banks, reduce the cost of liabilities, and enable banks to support small and micro enterprises and serve the real economy at a relatively low cost.
Statistics of commercial bank bond issuance in March.
In March, there were 31 banks issuing bonds, including 14 urban commercial banks, 10 agricultural commercial banks, 4 joint-stock banks, 2 state-owned large banks and 1 Sino foreign joint venture bank.
From the type of bonds issued, Three banks issued financial bonds totaling 89 billion yuan : Zhongyuan Bank 2 billion yuan, Huaxia Bank 27 billion yuan, Shanghai Pudong Development Bank 60 billion yuan;
Six banks issued special financial bonds for loans to small and micro enterprises, totaling 60 billion yuan ： China Merchants Bank 10 billion yuan, Xiamen International Bank 4 billion yuan, Bank of Guangzhou 3 billion yuan, Everbright Bank 40 billion yuan, Xiamen Rural Commercial Bank 2 billion yuan, Dongguan Rural Commercial Bank 1 billion yuan;
There are 7 banks issuing perpetual bonds, totaling 39.7 billion yuan : Postal Savings Bank of China 30 billion yuan, Bank of Quanzhou 700 million yuan, Xiamen Bank 1.5 billion yuan, Qingdao Rural Commercial Bank 2 billion yuan, Bank of Hebei 2 billion yuan, Qilu Bank 2.5 billion yuan, Bank of Ganzhou 1 billion yuan;
There are 11 banks that issue secondary capital bonds, totaling 37.06 billion yuan : Bank of Taizhou 2.5 billion yuan, Zhejiang Haiyan Rural Commercial Bank 200 million yuan, Bank of China 25 billion yuan, BANK OF QINGDAO 4 billion yuan, Great Wall West China Bank 1 billion yuan, Qinghai Huzhu Rural Commercial Bank 60 million yuan, Zhejiang Longquan Rural Commercial Bank 200 million yuan, Dongguan Bank 3 billion yuan, Changchun Development Rural Commercial Bank 600 million yuan, Zhejiang Jinyun Rural Commercial Bank 300 million yuan, Zhejiang Songyang Rural Commercial Bank 200 million yuan;
Three banks issuing green financial bonds totaling 4 billion yuan : Guangdong Shunde Rural Commercial Bank 1 billion yuan, Bank of Chongqing 2 billion yuan, Bank of Liuzhou 1 billion yuan;
One bank issued special financial bonds for agriculture, rural areas and farmers : Bank of Guilin: 2.1 billion yuan.
Perpetual bonds and tier two capital bonds are common bank capital supplement tools in recent years. The so-called perpetual bonds refer to the bonds with no definite maturity date or very long term, that is, the bonds are theoretically permanent and used to supplement other tier one capital of the bank. Tier 2 capital, also known as supplementary capital or supplementary capital, is the other capital components in the capital base of commercial banks, excluding core capital, and is an indicator reflecting the capital adequacy of banks. The special financial bonds for loans to small and micro enterprises, green financial bonds and special financial bonds for "agriculture, rural areas and farmers" are specifically used for bonds of small and micro enterprises, green finance and "agriculture, rural areas and farmers" respectively.
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Editor in charge: Lu Wenyun
