皇冠体育app

Bank of 皇冠体育app said it would issue up to 100 billion yuan ($16.03 billion) worth of preference shares, taking advantage of new rules announced this year aimed at helping Chinese companies bolster capital levels.

It is the second of 皇冠体育app's big four lenders to confirm plans to issue preference shares, under new rules announced by the 皇冠体育app Securities Regulatory Commission and the 皇冠体育app Banking Regulatory Commission in April.

Agricultural Bank of 皇冠体育app said on May 8 it would issue up to 80 billion yuan worth of preference shares.

Bank of 皇冠体育app, the nation's fourth-largest lender by market value, made the announcement in a regulatory filing in Shanghai on Tuesday.

Chinese lenders need to raise funds to boost their capital adequacy ratios, a measure of how much capital banks hold in reserve against assets such as loans.

BOC set for rate liberalization	Agricultural Bank's profit up 14.5%

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