CCTV.com - CNTV English - CCTV News

ICBC plans 22 bln yuan in sub debt

07-02-2010 13:50 BJT

Watch Video

Play Video

The Industrial and Commercial Bank of China plans to issue around 22 billion yuan worth of subordinated bonds, to maintain its tier 2 capital.

The bonds will effectively replace an issue of the same size sold in 2005, which matures next month. The proposed sub debt issue is separate from ICBC's plans to raise 25 billion yuan in convertible bonds by September. But the bank declined to comment on the news.

Major Chinese Banks, including Bank of China and China Construction Bank have announced capital-raising plans, to strengthen their balance sheets after massive lending in 2009.

Editor:Xiong Qu |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program