Core Points - Changsha Bank has successfully issued a perpetual capital bond with a total scale of RMB 4 billion, approved by the 2024 second extraordinary general meeting of shareholders [1][2] - The bond has a fixed interest rate of 2.34% for the first five years, with adjustments every five years thereafter, and includes a conditional redemption right for the issuer after the fifth year [1] Summary by Sections - **Bond Issuance**: The bank's board approved the issuance of up to RMB 4 billion in perpetual capital bonds, which received necessary approvals from regulatory authorities [1][2] - **Use of Proceeds**: The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals [2]

Group 1 - The core point of the article is that Changsha Bank has announced the approval of issuing up to 4 billion RMB of perpetual capital bonds at its second extraordinary general meeting for 2024 [2] - The bank successfully issued the "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market, with a total issuance size of 4 billion RMB [2] - The bonds have a fixed interest rate of 2.34% for the first five years, with adjustments every five years thereafter, and the issuer has the conditional redemption right on each interest payment date after the fifth year [2] Group 2 - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [2]

Core Viewpoint - Changsha Bank has successfully issued a capital bond of up to 4 billion RMB to supplement its Tier 1 capital, with a fixed interest rate for the first five years [1] Group 1: Bond Issuance Details - The bank's second extraordinary general meeting of shareholders approved the issuance of perpetual capital bonds not exceeding 4 billion RMB [1] - The bond, named "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bond," was successfully issued in the national interbank bond market [1] - The issuance scale is 4 billion RMB, with a coupon rate of 2.34% for the first five years, which will be adjusted every five years thereafter [1] Group 2: Regulatory Approvals - The issuance was approved by the Hunan Regulatory Bureau of the National Financial Supervision Administration and the People's Bank of China [1] - The bond was recorded on November 11, 2025, and payment was completed on November 13, 2025 [1] Group 3: Use of Proceeds - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - Changsha Bank has approved the issuance of up to 4 billion RMB of perpetual capital bonds to supplement its Tier 1 capital [1] Group 1: Bond Issuance Details - The bank successfully issued "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market [1] - The bond issuance scale is 4 billion RMB, with a fixed interest rate of 2.34% for the first five years, which will be adjusted every five years thereafter [1] - The issuer has a conditional redemption right on each interest payment date after the fifth year [1] Group 2: Regulatory Approvals - The issuance was approved by the National Financial Supervision Administration Hunan Regulatory Bureau and the People's Bank of China [1] - The funds raised will be used in accordance with applicable laws and regulatory approvals to supplement the bank's other Tier 1 capital [1]

本期债券于 2025 年 11 月 11 日簿记建档，并于 2025 年 11 月 13 日完成缴款，发行规模为人民币 40 亿元，前 5 年票面利率为 2.34%， 每 5 年调整一次，在第 5 年及之后的每个付息日附发行人有条件赎回 权。 本期债券募集资金将依据适用法律和主管部门的批准，用于补充 本行其他一级资本。 特此公告。 长沙银行股份有限公司董事会 2025 年 11 月 14 日 证券代码：601577 证券简称：长沙银行 编号：2025-052 优先股代码：360038 优先股简称：长银优 1 长沙银行股份有限公司 关于无固定期限资本债券发行完成的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 长沙银行股份有限公司（简称"本行"）2024 年第二次临时股东 大会审议批准了发行不超过 40 亿元人民币无固定期限资本债券的议 案。经国家金融监督管理总局湖南监管局和中国人民银行批准，本行 在全国银行间债券市场成功发行了"长沙银行股份有限公司 2025 年 无固定期限资本债券"。 1 ...

Core Points - The city commercial bank sector experienced a slight decline of 0.02% on November 13, with Changsha Bank leading the drop [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Summary by Category Stock Performance - Ningbo Bank (002142) closed at 29.79, with an increase of 1.57% and a trading volume of 268,200 shares, totaling a transaction value of 792 million yuan [1] - Chongqing Bank (601963) closed at 11.43, up 0.70%, with a trading volume of 97,500 shares, totaling 111 million yuan [1] - Zhengzhou Bank (002936) closed at 2.06, up 0.49%, with a trading volume of 1,339,300 shares, totaling 273 million yuan [1] - Other banks such as Lanzhou Bank, Shanghai Bank, and Suzhou Bank showed minor fluctuations in their stock prices, with varying trading volumes and values [1] Capital Flow - The city commercial bank sector saw a net outflow of 67.9693 million yuan from main funds, while retail funds experienced a net outflow of 99.3293 million yuan [3] - Conversely, speculative funds recorded a net inflow of 166.7 million yuan [3]

Core Points - China Bank announced that there was a withdrawal of bids by an investor, specifically Changsha Bank, just one hour before the subscription for "25 Yunnan Jiaotou MTN009" ended [1] - The scale of the withdrawal amounted to 180 million yuan, with a subscription price of 2.15% [1] - The withdrawal occurred at 17:57:07 [1]

Core Insights - The city commercial bank sector experienced a slight increase of 0.05% on November 12, with Changsha Bank leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Changsha Bank (601577) closed at 10.08, up 0.90% with a trading volume of 199,800 shares and a transaction value of 201 million yuan [1] - Shanghai Bank (601229) closed at 10.22, up 0.89% with a trading volume of 597,100 shares and a transaction value of 611 million yuan [1] - Other notable performances include: - Lanzhou Bank (001227) at 2.44, up 0.41% - Jiangsu Bank (616009) at 11.13, up 0.27% - Beijing Bank (601169) at 5.73, up 0.17% [1] Capital Flow - The city commercial bank sector saw a net inflow of 220 million yuan from main funds, while retail investors experienced a net outflow of 200 million yuan [2] - Key capital flows include: - Jiangsu Bank (600919) with a net inflow of 10.4 million yuan from main funds [2] - Beijing Bank (601169) with a net inflow of 62.5 million yuan from main funds [2] - Shanghai Bank (601229) with a net inflow of 58.5 million yuan from main funds [2]

Core Insights - The A-share market has seen a strong performance in bank stocks, with Agricultural Bank leading the gains, rising over 3% [1] - Major banks such as Industrial and Commercial Bank of China also reached historical highs [1] Summary by Category Stock Performance - Agricultural Bank: Increased by 3.13%, total market value at 299.59 billion, year-to-date increase of 67.50% [2] - Bank of China: Increased by 2.29%, total market value at 187.21 billion, year-to-date increase of 10.15% [2] - Chongqing Rural Commercial Bank: Increased by 1.86%, total market value at 8.07 billion, year-to-date increase of 23.17% [2] - Industrial and Commercial Bank: Increased by 1.59%, total market value at 295.46 billion, year-to-date increase of 24.83% [2] - Postal Savings Bank: Increased by 1.37%, total market value at 70.98 billion, year-to-date increase of 9.16% [2] - Construction Bank: Increased by 1.36%, total market value at 252.97 billion, year-to-date increase of 15.18% [2] - Transportation Bank: Increased by 1.35%, total market value at 66.18 billion, year-to-date increase of 1.43% [2] - Lanzhou Bank: Increased by 1.23%, total market value at 1.40 billion, year-to-date increase of 4.12% [2] - Minsheng Bank: Increased by 0.99%, total market value at 17.86 billion, year-to-date increase of 3.24% [2] - Shanghai Bank: Increased by 0.99%, total market value at 14.54 billion, year-to-date increase of 17.80% [2] - Yuanxi Bank: Increased by 0.96%, total market value at 1.38 billion, year-to-date increase of 10.50% [2] - Sunong Bank: Increased by 0.93%, total market value at 1.09 billion, year-to-date increase of 17.92% [2] - Changsha Bank: Increased by 0.90%, total market value at 4.05 billion, year-to-date increase of 20.86% [2] - Jiangsu Bank: Increased by 0.90%, total market value at 20.55 billion, year-to-date increase of 19.80% [2]

Core Insights - The A-share market has seen a rise in bank stocks, with notable increases in shares of Chongqing Rural Commercial Bank and Agricultural Bank, both rising over 2% [1] - Agricultural Bank has reached a historical high, with its total market capitalization approaching 3 trillion yuan [1] Summary by Category Stock Performance - Chongqing Rural Commercial Bank (601077) increased by 2.29%, with a total market capitalization of 81.1 billion yuan and a year-to-date increase of 23.69% [2] - Agricultural Bank (601288) rose by 2.17%, reaching a market capitalization of 2,967.9 billion yuan and a year-to-date increase of 65.94% [2] - Other banks such as Chongqing Bank (601963), CITIC Bank (601998), and Jiangsu Bank (600919) also saw increases of over 1% [2] Market Capitalization - The total market capitalization of Agricultural Bank is nearing 3 trillion yuan, marking a significant milestone [1] - Other banks like China Bank (601988) and Postal Savings Bank (601658) have market capitalizations of 1,852.7 billion yuan and 708.6 billion yuan, respectively [2] Year-to-Date Performance - The year-to-date performance of various banks shows significant growth, with Agricultural Bank leading at 65.94%, followed by Chongqing Bank at 29.62% and Jiangsu Bank at 20.22% [2]