China's regulators want commercial banks to replenish capital by using retained profit or other methods before considering additional share sales, the Securities Times reported on Monday, citing a senior official.
Listed banks should also supplement subordinate capital before considering private placements or public share sales, the article said, citing Zheng Li, a senior official at the China Securities Regulatory Commission (CSRC).
Chinese banks raised about $80 billion from the capital markets in 2010 to repair their balance sheets after the previous year's lending binge and have started a fresh round of fundraising this year to meet tougher capital requirements by regulators.
