Optimizing capital structure, listed banks are flocking to redeem preferred shares

Recently, Hangzhou Bank's CNY 10 billion preferred stock "Hangyin You 1" and Ningbo Bank's CNY 10 billion preferred stock "Ningxing You 02" redemption plans have been implemented. Shanghai Bank and Bank of Changsha also plan to redeem preferred stocks in December. Earlier, Industrial Bank's CNY 56 billion third phase preferred stock full redemption has been finalized. Industry insiders believe that the capital operations of several listed banks redeeming preferred stocks this year reflect the banks' considerations of balancing capital costs and management capabilities. (Economic Reference Daily)