BOC 60 billion a+h rights issue bill approved by shareholder meeting

Bank of China (601988) 21st announced that the bank A+h shares rights issue financing not more than 60 billion yuan bill was 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. According to the previous 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. Lihui, president of BOC, said that as of the end of June this year, BOC local financing platform loans did not change much, non-performing loan ratio did not change significantly, asset quality is better.　　In addition, BOC Credit management business is less than other banks, I believe it will not bring too much impact on the bank. Lihui judged that the second half of the economic situation will be similar to the first half, the second half of the financial policy will not change too much. He believes that relatively stable, moderately loose monetary policy is necessary to maintain the current momentum of economic development, the second half of the year is expected to increase bank performance and the first half.