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3 more listed banks to issue shares in H2

08-24-2010 11:18 BJT

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China's stock market will still be rife with recapitalization efforts by listed banks, in the second half of the year.

According to interim reports of China's six listed banks, three - including China Citic Bank, Huaxia Bank and Minsheng Bank - will issue new shares later in the year. Huaxia Bank will issue no less than 20.8 billion yuan of shares off the counter, to its top three largest shareholders.

Minsheng Bank says in its interim report it will issue 15 billion yuan of subordinate bonds this year. In order to meet its core capital requirement, China Citic Bank also says it will issue around 26 billion yuan of A and H shares in the second half.

Editor:Xiong Qu |Source: CNTV.CN

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