BOC interprets 60 billion yuan A+h allotment plan: won't crash with ABC

BOC July 2 The latest announcement of no more than 60 billion yuan a-shares and H-Share rights options, share rights ratio of 10 shares per 1.1 shares.　　The project is expected to be completed as soon as October or four quarters, with ABC issue not a window of time, it is impossible to "crash". BOC rights issue Real to a-share two-tier market financing only 1.5 billion yuan, the impact on a-share market is extremely limited.　　Another part of the H-share market financing is expected to account for a large share of the original shareholder subscription and a limited share market for H-shares. The project is expected to be completed as soon as October or four quarters, and ABC issue is not a window of time, it is impossible to "crash" the original market for the bank's refinancing overall size has been expected, and it is clear that the former convertible bonds is not the whole of its refinancing plan. The BOC rights issue, the last one boots landing. After the completion of this round of Chinese banking financing, will meet the development needs of the next 2-3 years. At the same time, the first half of the negative factors affecting the banking industry, the future with the growth of China's economy, the market generally believe that the current share price will be the bottom of the medium and long term. The time for the reversal of the bank shares is about to come. Huijin, the major shareholder of BOC, pledged to participate in the full allotment of BOC, and the equity structure of the banks, this time 70.1% through a-share market financing, corresponding financing amount of about 42 billion yuan. But Huijin accounted for the Bank of 67.6% (all is a A-share), the allotment of about 40.5 billion yuan true gold and silver! Reflects the Chinese government's strong support for the banking sector. This attitude is also in the Agricultural Bank's a-shares and H-share subscription phase to direct confirmation.