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作为资本市场改革的重大举措,优先股试点似乎比其他创新产品来得更快。从国务院发布《关于开展优先股试点的指导意见》到首份优先股预案出炉,仅5个月左右。3月21日,证监会发布《优先股试点管理办法》;不到一个月的时间,银监会和证监会联合发布了《关于商业银行发行优先股补充一级资本的指导意见》,规定商业银行发行优先股的申请条件和发行程序,进一步明确了优先股作为商业银行其他一级资本工具
As a major move in the capital market reform, preferred stock pilot seems to be faster than other innovative products. Released from the State Council “on the pilot implementation of preferred shares pilot” to the first pre-shares plan was released, only about 5 months. On March 21, the CSRC promulgated the Pilot Measures on Preference Shares; in less than a month, the CBRC and the CSRC jointly issued Guiding Opinions on Supplement of Tier 1 Capital by Commercial Banks in Issue of Preference Shares, requiring commercial banks to issue Preferential shares of the application conditions and the issuance process, to further clarify the preference shares as a commercial bank other capital instruments