60 billion RMB a+h rights issue plan approved by CBRC

Bank of China (601988) 9th announced that the Chinese banking Company Limited recently received the approval of the CBRC, the principle of agreement with the company's a-shares and H-Share rights options. According to the previous BOC announcement, the proportion of allotment to all shareholders of 10 shares of no more than 1.1 shares, a total allotment of not more than 27.9 billion shares.　　According to BOC's shares and H-shares 7:3 of the equity structure, a-share allotment does not exceed 19.6 billion shares, H shares do not exceed 8.4 billion shares, a-share and H-shares will be financing not more than 42 billion and 18 billion respectively. Analysts said that as Huijin as the bank's first major shareholder, the proportion of 67.53%, will digest nearly 40 billion yuan allotment scale, so the market capital pressure is not big.　　BOC in the fund-raising after the completion of the level of capital adequacy will be greatly enhanced to ensure that the next three years of business development needs. Prior to that, BOC a+h share rights financing not more than 60 billion yuan bill has been approved by the shareholders meeting. Xiao, chairman of BOC, said at the shareholder meeting that the rights issue was scheduled to be completed during the year.