CMB rights issue

China Merchants Bank gets approval for $5.5 billion rights issue

The Chinese lender will tap both its A- and H-shareholders as it joins a long line of Chinese banks that are selling shares to boost their capital ratios.

<div style="text-align: left;"> China Merchants Bank’s headquarters in Shenzhen, China (Imaginechina) </div>

Lillian Liu

April 11, 2012

China Merchants Bank (CMB) has received the green light from regulators to go ahead with a massive rights issue that could raise up to Rmb35 billion ($5.5 billion). The approval means it will be able to join the wave of Chinese banks raising funds to fortify their balance sheets. The timetable has yet to be set, however.

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