BOC Selects 5 H-Share rights underwriters

Check out the "draft" of the latest underwriting deal for the Bank of China's H-Shares refinancing scheme.　　Bank of China has already finalized 5 banks as underwriters of the H-share rights issue, which means the bank has taken another step towards the goal of capital replenishment, according to recent news.　　It is reported that the 5 banks are: BOC International Holdings Limited, Bank of America, Construction Bank International Securities Limited, Credit Suisse, and ICBC International Finance Limited.　　Bank of China will issue no more than RMB 40 billion a-share convertible bonds and allot no more than 20% H shares this year, according to a refinancing proposal passed by BOC at the shareholder meeting.　　BOC's 2009 Annual report showed that the 76,020,251,300 shares in the circulation of H shares, according to the 20% share and the current 4.26/shares of BOC, this time, the five underwriters will bear about 64.769 billion yuan in the refinancing amount. The annual report shows that BOC has a capital adequacy ratio of 11.14% by the end of 2009.　　BOC plans to keep its capital adequacy rate at no less than 11.5% per cent for 2010-2012 years, and the bank's capital shortfall will ease after the refinancing is completed. Recently, ICBC President Yang pointed out that BOC, CCB, ICBC, the bank will face the next five years to increase the pressure of 480 billion yuan. According to the four major banks on the existing basis on the average annual loan increase of 15%, risk-weighted loans increased by about 85% of the loan increase, four lines in the next 5 years, the risk of weight loans will increase by 15 trillion yuan.　　According to the regulatory sector capital adequacy ratio requirements, 5-year total need to increase capital consumption of 1.73 trillion yuan.　　According to the current capital situation of BOC, BOC Chairman Xiao that this year will continue to expand the proportion of retained profits to replenish capital, and further adjust the asset structure, increase the proportion of low risk assets such as personal consumption. If you need to reprint, please contact the "Daily economic news".　　Without the "Daily economic news" authorization, is prohibited reprint or mirror, offenders must investigate. Per subscribe telephone Beijing: 010-58528501 Shanghai: 021-61283003 shenzhen: 0755-83520159成: 028-86516389028-86740011 Wuxi: 15152247316