| Along with our country state-owned commercial Banks and the basic completion ofthe work listed joint-stock commercial Banks and in2010the Basel committee issuedBasel Ⅲ, the China banking regulatory commission timely introduced four majorregulatory tools, including capital requirements, leverage, provisioning rate and liquidityrequirements, prompting Banks to implement a more prudent capital adequacy regulatorystandards. Based on the above background of commercial Banks in China, especially thelisted commercial Banks have to back in equity refinancing, providing guarantee capitalfor its credit expansion and profit growth. Now, because the purchase system comparedwith other equity refinancing way more concise feature, so the same as other industrieshave also been banking industry listed companies. Simplicity has two sides, but also makesthe purchase announcement in the serious information asymmetry, the indemnification forthe large shareholders of listed companies have the space.In this paper, the research object of Banks in our country, in the current range of47listed Banks up since2010to September2013made the purchase plan of nine listed Banks.The nine listed Banks in the stage of plan announcement,：BOCM and Ping An bank. Hascompleted the purchase of five, respectively is: BOB, Hua Xia bank, SPDB, CIB and bankof Ningbo. Only announced plans of bank is: CMSB and SDB. First on their distributionand in common summary introduction, through the content of the plan for them to consideragain, and the analysis of the distribution situation of various stages. Observe whetherinterest transfer behavior; Whether because of its industry characteristics exist differentbehavior characteristics and other industry.Through to our country the listed Banks issuing private placement plan content andthe process of analysis, found that part of the listed Banks do exist the indemnification.Specific means has issued at a discount, improve credit issuing object, bonuses and cashholdings of four. The authors hope that through case analysis form listed Banks in theprocess of directional issuance how to realize the indemnification, and put forward thecorresponding policy recommendations. |
