China Construction Bank applies to lift capital adequacy rate but has not yet go

China Construction Bank Governor Wang Xuebing pointed out that the bank is full of confidence to solve the problem of capital adequacy rate. The bank has applied to the Peopleˇ¦s Bank of China for issuing long-term bonds to enhance capital adequacy rate, but has not yet received approval. He stressed that the current capital adequacy rate is still far lower than the 8% of international standard.He further said that the bank will take various measures to improve efficiency to meet capital demand. Partial bad assets have been peeled off in line with the regulations of central bank. He believed that the bank will see improvement both in financial and assets sectors. 

Related stock : (NIL)