Study On The Private Placement Of Ping An Bank

As a means of refinancing for listed companies,private placement has gradually developed into the mainstream of capital operation in the capital market because of its strong pertinence and easy implementation.At present,the number and size of the private placement market is increasing,private placement expanded to small plates gradually,the capital operation of the project is increasing.In the current market,There are hundreds of listed companies completed the private placement,the average market capacity is more than 300 billion Yuan every year.Commercial banks in China's economic system plays an important intermediary role,the listed commercial bank is very important,they control the money,this is the most important factor of economic activity in the whole society,Therefore,only commercial bank funds safe and stable development,the stability and prosperity of social economic development and progress.The Basel Accord III issued by Basel Committee in 2010,and Chinese CBRC launched new regulatory tools constitute China Banking prudential supervision framework.Therefore,China's listed commercial banks in recent years are using a variety of ways to replenish capital,provide a solid capital protection for credit expansion and profit growth.At present,At present,China has a number of joint-stock commercial banks listed,Their size is rapidly expanding,they need more funds,Private placement has become its best way to finance.My paper analyzes the reasons for the increasing premium of Ping An Bank,then find the premium is justified.Analyze the situation of each stage of its private placement,observe the market reaction at each stage,I find that the directional issuance brings the positive market effect.Analyze the placement around the performance,study the long-term impact of private placement,I find that rising stock prices behind the trend of sustained development momentum,abundant capital flow can make the company more stable development.Analyze the stock price performance after private placement,I find that high premium rates hurt the interests of subscribers.Finally,I sum up the conclusions and put forward the relevant inspiration.This paper has reference significance for the regulation of the capital adequacy ratio of the banking industry and the choice of the refinancing mode,It also has guiding significance for the process of private placement,how to control the high premium rate and how to prevent the break of private placement.