China's Shenzhen Development Bank (000001.SZ: Quote, Profile, Research, Stock Buzz) said on Thursday that it planned to issue up to 28 billion yuan ($4.1 billion) of bonds over the next three years to boost its capital.

The bonds may have maturities of between one and over 15 years, and may be issued domestically or overseas, said the bank, which is partly owned by U.S. private equity firm Newbridge Capital [NB.UL]. It did not give detailed plans for issuance.

The official Securities Times quoted Shenzhen Bank's chairman Frank Newman as saying China's economy was likely to outperform other countries during a global slowdown, and that the Chinese central bank's easing of monetary policy last week would have a neutral impact on banks' profits.

Shenzhen Bank's capital adequacy ratio rose to 8.53 percent at the end of June, exceeding the minimum regulatory requirement of 8 percent for the first time in several years, after the bank sold 6.5 billion yuan of 10-year bonds in March.

Responding to the global financial crisis, China's banking regulator has urged medium-sized banks to boost their capital adequacy ratios above 10 percent by the end of this year, banking sources told Reuters earlier this month. ($1 = 6.83 yuan) (Reporting by Andrew Torchia; Editing by Anne Marie Roantree)