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Jiangsu Rural Commercial Bank intends to augment its registered capital by 2.019 billion yuan via the conversion of convertible bonds into shares and the transformation of capital reserves into share capital. Recently, the convertible bonds of Bank of Nanjing and Bank of Hangzhou have invoked mandatory redemption clauses, emerging as a crucial method for banks to bolster their capital. The successful conversion of these convertible bonds effectively augments the banks' core tier 1 capital. The current upward trajectory of bank stocks has activated the mandatory redemption mechanism, which not only mitigates the pressure on bank capital replenishment but also refines their financial structure, a development of paramount importance for small and medium-sized banks.
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