Hua Xia Bank Earger to Expand Capital Base.

(From SinoCast China Financial Watch)

SHANGHAI, March 15, SinoCast -- Hua Xia Bank (600015.SH) saw its capital adequacy ratio stand at 8.28% as at end-2006, merely 0.28 percentage points higher than the minimum 8% regulatory requirement. The lender's core capital adequacy ratio was down to 4.82% from 2005's 5.12%, showed in its 2006 annual report. It is urgent for the Beijing-headquartered lender to replenish its capital base in the year, said analyst Qiu Zhicheng from Haitong Securities. Hua Xia is going to increase the second-tier capital through sales of mixed capital bonds and add the core capital through additional share offering to fund its future expansion, …