In the past November, 11 small and medium-sized banks disclosed targeted issuance plans on the website of the China Securities Regulatory Commission. It is worth noting that these 11 small and medium-sized banks are all rural commercial banks, including one listed bank-Jilin Jiutai Rural Commercial Bank (Jiutai Rural Commercial Bank, 06122.HK).

From a geographical point of view, Anhui Province and Guangxi each have 3 rural commercial banks to increase their supplementary capital. Shandong Province, Hunan Province, Zhejiang Province, Guangdong Province, and Jilin Province each One rural commercial bank issued a fixed increase plan.

Rong Commercial Bank continues to increase its fixed growth rate

Not only are the rural commercial banks that released the fixed increase plan in November, the news has observed that since this year, the China Securities Regulatory Commission Most of the banks that publish fixed increase plans on their websites are rural commercial banks.

How do you view the rural commercial bank’s frequent private placement of additional capital? Zeng Gang, deputy director of the National Finance and Development Laboratory, said in a news interview that, on the one hand, because the rural commercial bank has a large potential for growth, maintaining the growth rate and relying on the accumulation of profit retention may not be able to meet the needs of core tier 1 capital, so it is necessary The core tier 1 capital is supplemented by means of fixed increase; on the other hand, from the market point of view, rural commercial banks are actually well valued and have good growth. The market has given some premiums to supplement the core tier 1 by means of fixed increase. The willingness of capital is stronger than that of large banks.

Dong Ximiao, the chief researcher of China Merchants Union Finance, said in a news interview that this also reflects the relatively narrow capital replenishment channels of the Rural Commercial Bank.

“Although the regulatory authorities have emphasized the expansion of capital supplement channels for small and medium-sized banks in the past two years, such as innovative capital supplement tools, preferred stocks have also lowered some thresholds, but these new capital supplements It is difficult to use tools for rural commercial banks. Not only that, some of the capital supplementary capital tools commonly used by rural commercial banks, such as secondary capital bonds, are also facing new difficulties. After the Baoshang Bank incident, credit stratification has become more obvious among small and medium-sized banks. “Dong Ximiao explained.

Dong Ximiao believes that for rural commercial banks, when capital pressure is relatively large, they should explore the development of light capital businesses, such as retail business and wealth management business.

“Some rural commercial banks have developed more extensively, and rural commercial banks must have the idea of ​​reducing capital consumption. With increased capital constraints, capital is a very precious resource. Business development requires not only deposits, but also capital. For rural commercial banks, it must be profoundRecognize this problem. “Dong Ximiao said.

Seven rural commercial banks’ fixed-increasing tying is not good

In addition, small and medium-sized banks’ fixed-increasing bad tying continues to be normalized.

In November, the directional issuance of 7 rural commercial banks showed that certain non-performing assets were tying up while increasing. These 7 rural commercial banks: Shandong Rongcheng Rural Commercial Bank, Guangxi Luocheng Rural Commercial Bank, Guangxi Dongxing Rural Commercial Bank, Hunan Shaoyang Rural Commercial Bank, Anhui Tongling Rural Rural Commercial Bank, Guangdong Jiaoling Rural Commercial Bank, Guangxi Longan Rural Commercial Bank Bank.

Zhou Maohua, a macro researcher at the Financial Markets Department of Everbright Bank, believes that some banks have adopted the method of tying non-performing assets through fixed increments, reflecting that some small and medium-sized banks have replenished capital, and the pressure on non-performing disposal is high and there are few channels. , The pressure to meet regulatory standards is high, and it is hoped that through fixed increase and tying of non-performing assets, we hope to replenish capital and dispose of non-performing assets as soon as possible to achieve the capital adequacy ratio and the non-performing rate to meet regulatory requirements. In the short term, this method helps some banks to quickly replenish capital and dispose of non-performing assets. However, in this disposal method, the risk of non-performing assets is still accumulated in the financial system. Governance, improve risk and management capabilities, and enhance their own hematopoietic capabilities.

Dong Ximiao also said that banks will increase the option of subscribing for non-performing assets, which broadens the channels and methods for small and medium banks to dispose of non-performing assets. On the one hand, commercial banks must adopt a variety of measures to speed up the disposal of inventory of non-performing assets; on the other hand, they must adhere to standards, strictly control the production of new non-performing assets. Regulatory authorities should continue to take targeted measures to support commercial banks, especially small and medium-sized banks, to dispose of non-performing assets through multiple channels and efficiently.