The Industrial and Commercial Bank of China and the Agricultural Bank of China announced on September 6 that they intend to issue A shares to specific targets. The total capital raised will not exceed 260 billion yuan, all of which will be used to supplement core Tier 1 capital. Industry insiders told reporters that this capital injection is based on a forward-looking active layout of the bank's medium- to long-term development strategy. After the capital increase is completed, it will effectively enhance the bank's ability to serve the real economy and level of risk resistance. While consolidating the capital base, it will also lay a more solid foundation for continuous returns to shareholders. Furthermore, the overall pricing and distribution model of this capital increase continues previous practice. The issuance plan design takes into account the interests of the original shareholders and the capital increase shareholders, and the dilution impact on the original shareholders' ROE is relatively limited.

The Industrial and Commercial Bank of China and the Agricultural Bank of China announced on September 6 that they intend to issue A shares to specific targets. The total capital raised will not exceed 260 billion yuan, all of which will be used to supplement core Tier 1 capital. Industry insiders told reporters that this capital injection is based on a forward-looking active layout of the bank's medium- to long-term development strategy. After the capital increase is completed, it will effectively enhance the bank's ability to serve the real economy and level of risk resistance. While consolidating the capital base, it will also lay a more solid foundation for continuous returns to shareholders. Furthermore, the overall pricing and distribution model of this capital increase continues previous practice. The issuance plan design takes into account the interests of the original shareholders and the capital increase shareholders, and the dilution impact on the original shareholders' ROE is relatively limited.