They have hit the street with Basel 3 compliant subs and the supply will continue with Basel 3 perps. Chinese banks are on a mission to boost their capital ratios. 3 weeks ago. 13 Aug. “Agricultural Bank of China, the mainland’s fourth-largest bank by assets and outstanding loans, will issue 30 billion yuan in 10-year bonds, the first tranche of a total of 50 billion yuan approved by the government late last month, according to mainland media. China Construction Bank, the mainland’s second-biggest bank, plans to issue 20 billion yuan in 15-year bonds, and unlisted policy bank Export-Import Bank of China will issue 13.5 billion yuan in second-tier 10-year bonds” 3 big Chinese banks to issue 63.5b yuan in bonds on same day “ICBC and Agricultural Bank each plan to sell 80 billion yuan of preferred stock, while Bank of China says it will raise 100 billion yuan. ......