Core Viewpoint - The Bank of China announced the issuance of up to 450 billion RMB or equivalent foreign currency capital instruments, with a recent issuance of 600 billion RMB in subordinated debt [1] Group 1: Issuance Details - The Bank of China will hold a shareholders' meeting on July 18, 2025, to approve the issuance of capital instruments [1] - On November 24, 2025, the bank issued 600 billion RMB of subordinated debt in the interbank bond market, completing the issuance on November 26, 2025 [1] - The bonds have a fixed interest rate of 2.16% and a maturity of 10 years, with a call option for the issuer at the end of the fifth year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance will be used to supplement the bank's Tier 2 capital, subject to applicable laws and regulatory approvals [1]

Core Points - The China Banking and Insurance Asset Management Association has been renamed to include bank wealth management subsidiaries, marking a significant step in enhancing self-regulation within the asset management industry [1][2] - The association aims to strengthen its role in self-discipline, market order maintenance, and member support, reflecting a commitment to high-quality industry development [1][2] Group 1 - The renaming of the association is seen as a major initiative to promote the collaborative development of two types of asset management institutions [1] - The association's leadership emphasized the importance of political awareness and responsibility in enhancing regulatory compliance and member services [1] - The fourth council of the association was elected, with Wang Yi becoming the president and Huatai Asset Management Co., Ltd. elected as the supervisor unit [2]

Core Viewpoint - The China Banking and Insurance Asset Management Association has been renamed and is now positioned to enhance self-regulation in the asset management industry, marking a new phase in the sector's development [2][3]. Group 1: Association's Renaming and Purpose - The association has officially changed its name from the China Insurance Asset Management Association to the China Banking and Insurance Asset Management Association, which now includes bank wealth management subsidiaries [2]. - This renaming is a significant step towards improving the self-regulatory framework of the asset management industry and promoting collaboration between different asset management institutions [2]. Group 2: Strategic Goals and Responsibilities - The association aims to implement the spirit of the 20th National Congress of the Communist Party of China, focusing on political and public interests while aligning with national strategic tasks [2]. - Key objectives include constructing a new wealth management framework, fostering innovation, and ensuring robust development to support the construction of a financial powerhouse [2]. Group 3: Governance and Operational Framework - The association will enhance its political awareness and responsibility, strengthen regulatory compliance, and improve member services [2][3]. - The fourth council meeting approved several reports and management guidelines, including the work reports of the third council and supervisory board, as well as membership and fee management regulations [3].

Core Points - The China Banking and Insurance Asset Management Association has undergone a name change and aims to enhance its functions under the leadership of the Financial Regulatory Bureau [1] - The association will focus on self-discipline, rights protection, coordination, and service to create a new chapter in its work and contribute to the high-quality development of the industry [1] Summary by Sections - **Association Leadership and Goals** - Wang Yi has been elected as the president of the fourth council of the association [1] - The association will actively serve its members and assist in regulatory functions [1] - **Meeting Outcomes** - The meeting approved several reports including the third council's work report, supervisory report, financial report, and membership management guidelines [1] - The fourth council's directors, executive directors, president, vice presidents, secretary-general, and supervisors were elected during the meeting [1] - **New Leadership Structure** - Huatai Asset Management Co., Ltd. has been elected as the supervisory unit of the fourth council [1]

人民财讯11月26日电，11月26日，中国银行保险资产管理业协会更名暨第四届会员代表大会在北京举 行。金融监管总局党委书记、局长李云泽出席会议并讲话。李云泽指出，中国保险资产管理业协会更名 为中国银行保险资产管理业协会，将银行理财公司纳入自律管理和服务范围，是健全理财行业自律管理 体系的重大举措，也是促进两类资管机构协同发展的重要支撑，标志着我国银行保险资管行业自律管理 进入了新阶段。 转自：证券时报 ...

Group 1 - The core point of the article is that Bank of China (03988.HK) has successfully issued a total of 600 billion RMB in subordinated debt instruments to enhance its Tier 2 capital [1] - The issuance was approved at the shareholders' meeting held on July 18, 2025, allowing the bank to issue up to 4.5 trillion RMB or equivalent foreign currency capital instruments [1] - The bonds issued are 10-year fixed-rate bonds with a coupon rate of 2.16%, and the issuer has the right to redeem them at the end of the fifth year [1] Group 2 - The funds raised from this bond issuance will be used to supplement the bank's Tier 2 capital, subject to applicable laws and regulatory approvals [1] - Additionally, the article mentions that the bank's Dubai branch has issued notes that are listed on the Nasdaq Dubai exchange [1]

Core Viewpoint - The company has approved the issuance of capital instruments not exceeding 450 billion RMB or equivalent foreign currency, with a recent issuance of 60 billion RMB in subordinated debt [1] Group 1: Issuance Details - The company held a shareholders' meeting on July 18, 2025, to approve the issuance of capital instruments [1] - On November 24, 2025, the company issued 60 billion RMB in subordinated debt in the interbank bond market, completing the issuance on November 26, 2025 [1] - The bonds have a fixed interest rate of 2.16% and a maturity of 10 years, with a call option for the issuer at the end of the fifth year [1] Group 2: Purpose of Fundraising - The funds raised from this bond issuance will be used to supplement the company's Tier 2 capital, subject to applicable laws and regulatory approvals [1]

证券代码：601988 证券简称：中国银行 公告编号：临 2025-083 本期债券募集的资金将依据适用法律和监管部门的批准，补充本行 的二级资本。 特此公告 中国银行股份有限公司董事会 二○二五年十一月二十六日 中国银行股份有限公司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。 中国银行股份有限公司（简称"本行"）于 2025 年 7 月 18 日召开 的股东大会审议批准了本行发行不超过 4,500 亿元人民币或等值外币资 本工具的议案。经相关监管机构批准，本行于 2025 年 11 月 24 日在全 国银行间债券市场发行总额为 600 亿元人民币的减记型二级资本债券 （简称"本期债券"），并于 2025 年 11 月 26 日发行完毕。 本期债券为 10 年期固定利率债券，发行规模为 600 亿元人民币， 票面利率为 2.16%，在第 5 年末附发行人赎回权。 中国银行股份有限公司 关于二级资本债券发行完毕的公告 ...

Core Viewpoint - Bank of China (03988) has received regulatory approval to issue a total of 60 billion RMB in loss-absorbing tier 2 capital bonds in the interbank bond market, set to be completed by November 26, 2025 [1] Group 1 - The bond issuance will amount to 60 billion RMB, with a fixed interest rate of 2.16% over a 10-year term [1] - The bonds will include an issuer call option at the end of the fifth year [1]

Core Viewpoint - The company announced the issuance of a total of 60 billion RMB of loss-absorbing tier 2 capital bonds in the interbank bond market, aimed at supplementing its tier 2 capital [1] Group 1 - The bonds will be issued on November 24, 2025, and completed by November 26, 2025 [1] - The bonds have a fixed interest rate of 2.16% and a maturity period of 10 years [1] - The issuer has the right to redeem the bonds at the end of the fifth year [1]