永续债:商业银行“充电”新工具  

Perpetual Bonds as a New Tool for Strengthening Commercial Banks

作　　者：杨芳 刘康 杨成元[2] 

机构地区：[1]中国工商银行总行金融市场部 [2]华夏银行总行计划财务部

出　　处：《金融市场研究》2019年第4期42-51,共10页Financial Market Research

摘　　要：2018年以来我国政府部门和监管机构多次发文,支持银行资本工具创新。本文阐述了发行永续债补充商业银行其他一级资本的必要性,并结合目前我国永续债政策现状,分析了推进永续债发行存在的主要障碍,并提出了相关政策建议。Since 2018,the government and its regulatory arms have issued a number of policy documents supporting innovative instruments to boost bank capital.This paper examines China’s policy towards perpetual bonds and concludes this instrument would be a valuable tool for supplementing tier 1 capital of commercial banks.The paper also analyzes the main obstacles to promoting the issuance of perpetual bonds and offers relevant policy recommendations.

关 键 词：永续债 商业银行一级资本 银行资本工具 

分 类 号：F832.51[经济管理—金融学] F832.33