Date
23 October 2017

CSRC to support bank preferred stock issuance, paper says

The China Securities Regulatory Commission (CSRC) will support commercial banks that seek to issue preferred stock and write-down debt, in order to expand the lenders’ capital replenishment channels, Securities Times reported Friday, citing Jia Wenqin, director of CSRC’s accounting department. With the acceleration of interest rate liberalization, more risk management tools are needed to ease price fluctuations, he said. The regulator is also looking at launching trading of interest rate swaps as well as forwards, the report said.

– Contact HKEJ at [email protected]

KZ/AC/RC

 

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