Jiangxi Bank Authorized to Issue up to 11 Billion Yuan in Capital Instruments
Deep News
Jul 31
On July 31, financial frontline reported that the Jiangxi Financial Regulatory Bureau issued a document approving JIANGXI BANK's issuance of capital instruments not exceeding 11 billion yuan, with varieties including perpetual capital bonds and subordinated tier-2 capital bonds.
The Jiangxi Financial Regulatory Bureau stated that JIANGXI BANK must strictly comply with relevant regulations, such as the "Capital Management Measures for Commercial Banks," when issuing and managing these capital instruments. The bank is authorized to decide on the timing, tranches, and scale of issuance within the approved quota, and must complete the issuance within 24 months following the approval date.
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