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According to a report on China's financial market operation in 2009 released by the People's Bank of China, 2009 subordinated bond issuance by 23 Chinese banks reached 266.9 billion yuan, an increase of 3.7 times, of which, 2 commercial banks issued hybrid capital bonds totaling 6.5 billion yuan. For Chinese banks, subordinated bonds have become an effective tool which can be used to offset the negative effect of the huge credit scale.
Subordinated bond issuance rose sharply last year
Posted in Finance by Jessica 172 days ago (http://english.peopledaily.com.cn)
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