Archive for November, 2015

fundsWe use the transaction data and rating changes from Bankscope, WIND and China Chengxin International Credit Rating Co., Ltd. (CCXI). CCXI was licensed by the People’s Bank of China and the Ministry of Commerce in 1987 and is the first Sino-foreign joint venture which was set up in 2006 between Moody’s and its parent company, with Moody’s holding 49% stake in CCXI and having an option to increase its ownership over time as permitted by Chinese authorities.

Table 1 reports the name and ticker of 23 Chinese commercial banks who issued subordinated bonds between 2006 and 2011. This table also shows the total assets of these banks by the end of 2011 and relevant country rank and world rank based on their total assets. Affected by the huge credit scale, the capital adequacy ratios of all Chinese banks declined sharply in the past few years. The capital adequacy ratios in some banks were even lower than 8 percent before 2009. Under heavy pressure, all banks, especially medium- and small- size banks had to attempt all means to raise capital. They showed special interest in subordinated bonds although it is not the only way to raise funds. To raise your funds is rather easy with Speedy Payday Loans and website – suggested such a service as approving credits online.

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