Commercial banks have landed intensively to supplement their capital with the issuance of "Two Eternal Bonds," reaching a record high in scale.

Commercial banks are intensively implementing capital supplements. According to statistics from the Securities Times reporter based on information from the China Banking and Insurance Regulatory Commission's official website, as of January 13th, this year, 39 banking institutions have obtained regulatory approval for changes in registered capital or changes in registered capital plans, including several city commercial banks, rural commercial banks, and rural credit cooperatives. These changes in registered capital applications are mainly initiated in 2025, and small and medium-sized banks mainly "borrow" from targeted issuance of shares to supplement capital. Since last year, commercial banks have significantly accelerated the pace of capital supplements. In addition to capital increase and share expansion, banks also supplement capital through the issuance of subordinated capital bonds, perpetual bonds, and other means. Data shows that the scale of banks issuing "subordinated perpetual bonds" in 2025 reached 1.76 trillion yuan, setting a historical record.