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1、AbstractInrecentyears,alongwiththeglobalfinancialregulatorysystemreformfurtherthorough,ourcountrybankingregulatorsalsostrengthentheprudentialsupervisionofbankingindustry.InJune2012,theChinaBankingRegulatoryCommissionformallyissued"Commercialbankcapitalmanagementapproach(trial)",Whichaccords
2、withthepracticeofChina'sbankingindustryandnewregulatorystandardsoftheinternationalstandardofcapitalsupervisionsystem,toensurecapitalsufficientcoversystemicriskandindividualriskfacedbydomesticbanks.Onnovember30,2013,theStateCouncilpromulgated"Instructionaladviceonthepilotimplementationofpref
3、erredstock".Then,theStateCouncil,theChinaSecuritiesRegulatoryCommission,theShanghaiStockExchangeandShenzhenStockExchangeissuedaseriesofpreferredstockpracticerules,toregulatetheissueofpreferredstockinourcountry,promotedtheapplicationandpopularizationofpreferredstockinourcountry.Basedonthelit
4、eratureonthebasisofdomesticandforeignresearchscholars,combinedwithrelatedsystembackgroundofourcountry,thepaperanalyzesthemotivationofShanghaiPudongDevelopmentBanktoissuepreferredstock,andanalyzeitsconsequences.ThemotivationsofShanghaiPudongDevelopmentBanktoissuepreferredstockinclude:tomeeti
5、tsbusinessdevelopmentfunds;Optimizethecapitalstructure;meetregulatoryrequirements;Avoiddiluttingtheoldshareholdersequity;Passingpositivesignalstothemarket.Throughtheissuanceofpreferredshares,ShanghaiPudongDevelopmentBanksupplementsitsothertier1capital,providesacertainamountofmoneyforthedeve
6、lopmentofShanghaiPudongDevelopmentBankfuturebusiness,andalleviatesthepressureofthecapitaladequacyregulatoryrequirementsinthefuture.ItdidnotcausethevolatilityofthemarketthatShanghaiPudongDevelopmentBanktodisclosethenon-publicpreferredplan,butbothannouncementsofthepreferredstocksuccessfulstoc
7、kissuecausedthemarketactivereaction.suchas,thelargerstockrateofturnover,risingprices.Atpresent,thedomesticfirstpilot,preferredinthispaper,theresearchcanprovidecertainreferenceforcompanylaterissuingpreferencestock.Keywords:Shanghaipudongdevelopmentbank,pr
