Core Viewpoint - The competition in the personal business loan market among banks is intensifying, with annual interest rates dropping below 3%, and the lowest reported rate in Shenzhen reaching 2.35% after the discontinuation of a 2.2% product [1][2][3]. Group 1: Market Trends - Several banks in Shenzhen have reported a decrease in personal business loan interest rates, with the lowest currently at 2.35% [1][3]. - A previously available personal business loan product with a 2.2% interest rate has been discontinued, indicating a shift in the market [2][3]. Group 2: Loan Characteristics - Personal business loans are typically issued to individual businesses and small enterprises for operational funding and equipment purchases, categorized into credit and non-credit types [2]. - The maximum loan-to-value ratio for secured loans is 85%, with a typical approval rate around 75% [3]. Group 3: Regulatory and Competitive Landscape - The current minimum interest rate for personal business loans in Shenzhen is 65 basis points below the one-year Loan Prime Rate (LPR) of 3% [4]. - Banks are reducing rates to attract quality clients amid insufficient credit demand, and to meet regulatory requirements for inclusive financing for small and micro enterprises [4]. - A self-regulatory agreement by the Shenzhen Banking Association emphasizes maintaining market order and discouraging excessive competition, focusing on pricing and credit management [4].

Core Viewpoint - The Bank of China has announced the issuance of a total of 50 billion RMB in loss-absorbing tier 2 capital bonds, approved by relevant regulatory authorities, to be completed by December 24, 2025 [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a 10-year fixed-rate bond with a scale of 48 billion RMB and a coupon rate of 2.22%, with a call option for the issuer at the end of the fifth year [1] - The second type is a 10-year floating-rate bond with a scale of 2 billion RMB, with the first interest period coupon rate set at 2.25%, also featuring a call option for the issuer at the end of the fifth year [1] Group 2: Fund Utilization - The funds raised from this bond issuance will be used to supplement the bank's tier 2 capital, in accordance with applicable laws and regulatory approvals [1]

来源：中国银行 12月24日，中国银行董事长葛海蛟与中国石油化工集团有限公司（以下简称"中国石化"）董事长侯启军 在京举行工作会谈。中国银行副行长杨军、中国石化总会计师蔡勇参加活动。 葛海蛟表示，党的二十届四中全会和中央经济工作会议围绕"加快建设新型能源体系"作出部署要求，为 新时代新征程建设能源强国指明了前进方向。中国石化是保障国家能源安全的"排头兵"，也是中国银行 的重要合作伙伴。长期以来，双方在重大项目、授信、存款、跨境结算等领域落地了多个"第一""最 大""首单"，合作成果显著。面向"十五五"，中国银行将坚决落实党中央决策部署，继续发挥全球化优 势、综合化特色，统筹境内外、商投行资源，与中国石化在各领域加强供需对接、深化互动合作、共拓 业务布局，为推动能源行业转型升级、建设能源强国注入更加澎湃的金融动能。 侯启军感谢中国银行长期以来对中国石化业务发展的大力支持。他表示，中国石化正深入贯彻落实习近 平总书记系列重要指示批示精神，积极谋划"十五五"发展蓝图，加强战略转型发展。中国银行是全球 化、综合化程度最高的国有大型商业银行，中国石化与中国银行长期保持着密切、稳定、广泛的合作关 系。希望双方不断加强战略 ...

Core Viewpoint - The marine economy is a key engine for the iterative development of Qingdao, with financial innovation playing a crucial role in supporting the city's marine industry and enhancing its economic vitality [1][10]. Group 1: Financial Support for Marine Economy - Qingdao Bank focuses on the "4+4+2" marine industry development direction, aiming to connect marine resources, industrial upgrades, and public welfare [2][11]. - The bank has provided credit support for significant projects, including the world's first 100,000-ton smart aquaculture vessel "Guoxin No. 1" and the first pile-based fishing-solar integrated offshore photovoltaic project [2][11]. - As of now, Qingdao Bank has injected over 12.5 billion yuan into the marine industry, covering various market entities along the industrial chain [3][12]. Group 2: Collaborative Mechanisms and Service Models - Qingdao Bank has established a special task force for marine economic services, creating a cross-departmental collaboration mechanism to align financial services with marine industry development [3][12]. - The bank is committed to optimizing resource allocation and expanding credit limits to support traditional industries like port shipping and modern marine fisheries, while also focusing on emerging sectors such as marine renewable energy and equipment manufacturing [3][12]. Group 3: Investment in Green Energy - A 2 billion yuan equity investment fund has been registered to support Qingdao's marine green energy sector, focusing on offshore wind power, photovoltaics, and energy storage [4][13]. - This fund represents a collaborative effort between central and local entities, integrating national strategies with local resources to enhance the development of marine renewable energy [4][13]. Group 4: Technological Innovation and Environmental Protection - Qingdao Bank has tailored comprehensive financial service solutions for high-tech companies in the marine environmental sector, facilitating the purchase of membrane materials and optimizing production lines [6][16]. - The bank's financial support has enabled significant advancements in seawater desalination and wastewater treatment technologies, contributing to ecological protection and resource recycling [7][17]. Group 5: Future Directions - Qingdao Bank plans to continue deepening its engagement in the marine economy, optimizing service models, and aligning with the development needs of marine enterprises [9][18]. - The bank aims to play a vital role in supporting the national marine power strategy and enhancing the industrial upgrade in Qingdao [9][18].

Core Viewpoint - China Bank announced the issuance of capital instruments not exceeding 450 billion RMB or equivalent foreign currency, approved at the shareholders' meeting on July 18, 2025 [1] Group 1: Bond Issuance Details - On December 22, 2025, China Bank issued a total of 50 billion RMB in contingent convertible bonds in the interbank bond market, completed on December 24, 2025 [1] - The bonds consist of two types: a 10-year fixed-rate bond with a scale of 48 billion RMB and a coupon rate of 2.22%, with an issuer call option at the end of the fifth year [1] - The second type is a 10-year floating-rate bond with a scale of 2 billion RMB, with the first interest period coupon rate set at 2.25%, also featuring an issuer call option 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 China Bank's Tier 2 capital, subject to applicable laws and regulatory approvals [1]

Group 1 - The core announcement is that the Bank of China plans to issue capital instruments not exceeding 450 billion RMB or equivalent foreign currency, approved at the shareholders' meeting on July 18, 2025 [1][4] - The bank has successfully issued a total of 50 billion RMB of contingent convertible bonds in the interbank bond market on December 22, 2025, completing the issuance on December 24, 2025 [1][5] - The issued bonds consist of two types: a 10-year fixed-rate bond with a scale of 48 billion RMB and a coupon rate of 2.22%, and a 10-year floating-rate bond with a scale of 2 billion RMB and an initial coupon rate of 2.25%, both with issuer call options at the end of the fifth year [1][5] Group 2 - The funds raised from the bond issuance will be used to supplement the bank's Tier 2 capital, subject to applicable laws and regulatory approvals [2][6]

Core Viewpoint - The company has approved a proposal to issue capital instruments not exceeding 450 billion RMB or equivalent foreign currency, with a recent issuance of 50 billion RMB in subordinated debt bonds [1] Group 1: Bond Issuance Details - The company issued a total of 50 billion RMB in subordinated debt bonds on December 22, 2025, which was completed on December 24, 2025 [1] - The bonds consist of two types: a 10-year fixed-rate bond with a scale of 48 billion RMB and a coupon rate of 2.22%, and a 10-year floating-rate bond with a scale of 2 billion RMB and an initial coupon rate of 2.25% [1] - Both types of bonds include 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]

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 12 月 22 日在全 国银行间债券市场发行总额为 500 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 12 月 24 日发行完毕。 本期债券包括两个品种。品种一为 10 年期固定利率债券，发行规 模为 480 亿元人民币，票面利率为 2.22%，在第 5 年末附发行人赎回权； 品种二为 10 年期浮动利率债券，发行规模为 20 亿元人民币，首个计息 周期票面利率为 2.25%，在第 5 年末附发行人赎回权。 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 证券代码：601988 证券简称：中国银行 公告编号：临 2025-092 中国银行股份有限公司 关于二级资本债券发 ...

Core Viewpoint - The Bank of China plans to issue a total of 50 billion RMB in loss-absorbing tier 2 capital bonds in the interbank bond market, approved by relevant regulatory authorities, to enhance its tier 2 capital [1] Group 1: Bond Issuance Details - The bond issuance is scheduled for December 22, 2025, with completion on December 24, 2025 [1] - The issuance consists of two types of bonds: a 10-year fixed-rate bond with a scale of 48 billion RMB and a coupon rate of 2.22%, and a 10-year floating-rate bond with a scale of 2 billion RMB and an initial coupon rate of 2.25% [1] - Both bond types include a call option for the issuer at the end of the fifth year [1] Group 2: Fund Utilization - 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 Viewpoint - China Bank (03988.HK) announced the issuance of a total of 50 billion RMB of loss-absorbing tier 2 capital bonds in the national interbank bond market, scheduled for completion on December 24, 2025 [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a 10-year fixed-rate bond with a scale of 48 billion RMB and a coupon rate of 2.22%, with a call option for the issuer at the end of the fifth year [1] - The second type is a 10-year floating-rate bond with a scale of 2 billion RMB, with the first interest period coupon rate set at 2.25%, also featuring a call option for the issuer at the end of the fifth year [1] Group 2: Fund Utilization - 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]