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ICBC Board of Directors March 25 to consider. The adoption of this bill and the proposed public offering of aion kinah
is not more than 25 billion yuan A shares of convertible bonds, issued in the H-share market does not exceed 20% of the share capital H shares, which raised funds will be used to supplement capital funds. However, such a motion is necessary to submit the bank’s shareholders, the General Assembly.

In this regard, ICBC chairman Jiang Jianqing explained that the A, H shares of the introduction of a double re-financing plan, one of the reasons is the capital requirements. Since 2009 is rather special year,Brunch Mother Day, ICBC initiative to buy aion kinah
, capital adequacy ratio and core capital adequacy ratio fell faster, down 0.7 and 0.85 percentage points,Borderlands creators GearBox development recovers, making the “maintain the capital adequacy ratio of a certain pressure.” And “this year to meet the credit needs of the normal and reasonable, but also needs some capital expenditure.” Jiang Jianqing said.

Jiang said that on the other hand, from the global financial environment, banking regulators usually require commercial banks to raise the level of funding sufficient to maintain the safety of the banking system, ICBC and therefore faces an objective need of refinancing.

In fact, the Industrial and Commercial Bank of China has begun to try to “secondary market, to add + + endogenous capital capital-saving, ” three kinds of models-one additional means of capital.

Annual data show that, despite the Industrial and Commercial Bank of China in 2009 after-tax profits rose by 16.3%, but the level of dividends has not improved compared with 2008. Listing of four years, the Industrial and Commercial Bank 0.40 per share dividend has been maintained yuan.

“It’s within the past few years the source of capital to add capacity to a very strong style. 2009 profit after tax higher than the rest of the dividends are used to replenish the capital.” Jiang Jianqing said.