I wonder if China is talking about the FRN?

Chinese banks are seeing the writing on the wall in terms of the debt they've accumulated, and they are taking measures to protect themselves.

The Bank of China is planning the biggest sale of shares ever — $6.5 billion to offshore investors, Bloomberg says. It's all in an effort to create a capital cushion.

http://finance.yahoo.com/news/chinas...170325658.html