文献类型：期刊文献

中文题名：以永续债为抓手 提速加力中小银行资本补充

英文题名：Accelerating and strengthening small and medium-sized banks’capital supplement with the perpetual bond as the focus

作者：王刚[1];傅巧灵[2];尚博文[3]

第一作者：王刚

机构：[1]国务院发展研究中心金融研究所,北京100010;[2]北京联合大学管理学院,北京100101;[3]对外经济贸易大学法学院,北京100029

第一机构：国务院发展研究中心金融研究所,北京100010

年份：2020

卷号：34

期号：7

起止页码：1-7

中文期刊名：重庆理工大学学报：社会科学

收录：国家哲学社会科学学术期刊数据库

基金：北京社会科学基金项目“互联网环境下京津冀地区普惠金融发展与减贫效应研究”(16YJB016)。

语种：中文

中文关键词：永续债;中小银行;资本补充;其他一级资本

外文关键词：perpetual bond;small and medium-sized bank;capital supplement;tier 1 capital

摘要：在疫情冲击下,当前我国中小银行资本总量承压、结构不合理、非上市银行缺口较大等问题更为突出。永续债作为可计入银行其他一级资本的资本补充债券,比较优势明显,发行潜力巨大。今年中小银行永续债发行进程加快,但仍面临投资准入限制严、发行成本高、流动性不足等突出问题。应把握当前利率较低的发行窗口期,将发行永续债作为缓释中小银行风险、支持实体经济特别是小微企业融资的关键抓手。进一步优化审批流程,适当扩大中长期投资者范围,丰富并细化关键条款,扩大流动性支持。在支持普惠金融政策导向下对符合条件的中小银行永续债发行提供增信支持,对投资者提供税收减免,以精准少量的投入提升支持效果。
Under the impact of the COVID-19 epidemic,issues concerning small and medium-sized banks in China are intensifying,including stresses on total capital amount,unreasonable structures and the large shortages for unlisted banks. Compared with other bonds,perpetual bond considered as capital supplementary bond of other tier 1 capitals has great potential of issuance. The progress of issuing perpetual bond from small and medium-sized banks is speeding up this year,and some prominent issues happen,such as high requirement on investment entry,high issue cost and illiquidity. Currently,with low interests,it is a good chance to take perpetual bond as the strength of alleviating risks for medium and small-sized banks and supporting the real economy,especially the financing of small and micro enterprises. Also,the approval progresses should advance to attract more medium and long-term investors and more critical clauses should be detailed for expanding the liquidity. What is more,to provide the credit support for medium and small-sized banks that conforms to the requirements of issuing perpetual bond within the scope of inclusive financing policy,such as tax reduction and exemption to accurately reduce the investment and enhance the effects.