Core Viewpoint - China Bank announced the full redemption of its 10-year fixed-rate subordinated capital bonds, originally issued on September 17, 2020, with a total scale of 60 billion RMB [1] Group 1 - The bonds were issued with a redemption option for the issuer, allowing China Bank to redeem the bonds at the end of the fifth interest period [1] - The announcement regarding the completion of the bond issuance was made on September 21, 2020 [1] - As of the announcement date, the bank has exercised its redemption right and fully redeemed the bonds [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。 证券代码：601988 证券简称：中国银行 公告编号：临 2025-070 中国银行股份有限公司 关于赎回二级资本债券的公告 2020 年 9 月 17 日，中国银行股份有限公司（简称"本行"）发行了 10 年期固定利率规模为 600 亿元人民币的减记型二级资本债券（简称"本 期债券"），并于 2020 年 9 月 21 日发布了《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》（公告编号：临 2020-041）。根据本期债券 募集说明书相关条款的规定，本期债券设有发行人赎回权，发行人有权在 本期债券第五个计息年度的最后一日（因遇休息日，资金兑付顺延至其后 第一个工作日）赎回本期债券。 截至本公告日，本行已行使赎回权，全额赎回了本期债券。 特此公告 中国银行股份有限公司董事会 二〇二五年九月二十三日 ...

Company Overview - Bank of China, established in 1912, is the longest-operating bank in China, having served various roles including central bank and international trade bank [2] - It operates in 64 countries and regions, offering a comprehensive financial service system that includes corporate finance, personal finance, investment banking, and asset management [2] Green Finance Initiatives - In 2025, Bank of China assisted the Ministry of Finance in issuing 6 billion RMB green sovereign bonds in London, marking the first issuance under the "Green Sovereign Bond Framework" [3] - The bank acted as the lead underwriter for the first green credit bond in the country and issued the world's first green bond compliant with both EU standards and international market principles [3] - Bank of China is actively involved in global climate governance and has participated in various green and ESG-related initiatives, contributing to the development of standards and research [3] Sustainability Efforts - The bank is advancing the construction of green branches and data centers, with a carbon neutrality plan for major office buildings by 2024 [4] - As of June 2025, the balance of green loans reached approximately 4.54 trillion RMB, reflecting a year-on-year growth of 16.95%, with green bond investments exceeding 100 billion RMB [4] - The total carbon emissions from 39 major office buildings were reduced by 49.24% to 125,700 tons of CO2 equivalent in 2024, achieving operational carbon neutrality by the end of 2024 [4] Expert Commentary - Bank of China is leading the green finance trend with its "Green + BOC" initiative, seizing opportunities in the dual carbon goals and demonstrating the power of sustainable finance in driving high-quality development [5]

Core Points - The company issued a 10-year fixed-rate subordinated capital bond with a scale of 60 billion RMB on September 17, 2020 [1] - The bond includes an issuer redemption right, allowing the company to fully redeem the bond on the last day of the fifth interest period [1] - As of the announcement date, the company has exercised its redemption right and fully redeemed the bond [1]

Core Viewpoint - China Bank (601988.SH) has fully redeemed its 10-year fixed-rate subordinated capital bonds worth 60 billion RMB, issued on September 17, 2020, exercising its redemption right as stipulated in the bond's offering document [1] Group 1 - The bonds were issued with a total size of 60 billion RMB [1] - The issuer has the right to redeem the bonds on the last day of the fifth interest period, with the possibility of extension to the next working day if it falls on a holiday [1] - As of the announcement date, the bank has exercised its redemption right and fully redeemed the bonds [1]

Core Viewpoint - The China Bank Yunnan Branch is actively implementing innovative measures to support the local economy, rural revitalization, and public welfare, demonstrating its commitment to national strategies and local government requirements [1] Group 1: Industrial Revitalization - The China Bank Yunnan Branch is providing targeted financial support to the "Three Seven Capital" in Wenshan Prefecture, which produces over 90% of China's traditional Chinese medicine, Sanqi, by offering more than 200 million yuan in inclusive financial credit [2] - The bank has developed tailored credit solutions for Yunnan's key industries, including "Cloud Flower Loan," "Cloud Vegetable Loan," and others, to support highland specialty agricultural products and facilitate their export [3] Group 2: Financial Services for the Public - The bank has implemented a special customer service plan to assist clients in urgent situations, such as activating social security cards for medical expenses, showcasing its customer-centric approach [4] - The bank has established a multi-channel mediation mechanism to resolve financial disputes, significantly increasing the number of disputes resolved compared to the previous year [4] Group 3: Rural Revitalization - Since May 2021, the bank has invested over 2.11 million yuan in poverty alleviation efforts in Menggang Village, focusing on infrastructure, industry development, and community services, leading to a significant increase in local income [6] Group 4: Talent Attraction - The bank launched the "Gathering Talent Card," integrating foreign work permits with financial services, enhancing the experience for foreign talents in Yunnan and supporting the region's goal of becoming a talent hub for South Asia and Southeast Asia [7]

Core Viewpoint - The event organized by the Bank of China Yunnan Branch aims to enhance financial literacy and consumer protection awareness among travelers along the China-Laos Railway, contributing to the construction of a South Asia and Southeast Asia radiation center [1][3]. Group 1: Event Overview - The Bank of China Yunnan Branch successfully held a launch ceremony for the tourism season along the China-Laos Railway, integrating travel scenarios with financial services [1]. - The event featured interactive promotions to raise awareness about consumer rights protection, anti-fraud knowledge, and cross-border financial security [1][3]. Group 2: Financial Support for Railway Projects - The Bank of China Yunnan Branch has provided over 34 billion yuan in credit for key railway projects in Yunnan, including the China-Laos Railway [3]. - Since the operation of the China-Laos Railway, the bank has issued over 50 million yuan in cross-border performance guarantees, highlighting its role in supporting the railway's operation and maintenance [3]. Group 3: Financial Literacy Promotion - The event included a financial knowledge exhibition and interactive experience area, attracting many travelers and utilizing various methods such as scenario simulations and quizzes to educate them on fraud prevention and personal information protection [5]. - A "Gold Police Talks Consumer Protection" campaign was conducted on the train, combining rational investment with fraud prevention tips to enhance travelers' response capabilities [7]. Group 4: Cross-Border Financial Services - The bank provided detailed information on cross-border financial services, including foreign currency exchange and consumer benefits for outbound travel [9]. - The bank has developed a cross-border themed credit card product system to promote consumption, offering 24/7 security and cashback activities across over 60 countries [9]. Group 5: Media Coverage and Social Impact - The event received extensive media coverage, with various outlets highlighting its positive impact on public education and social influence [11]. - The success of the event reflects the bank's commitment to innovating cross-border financial services and supporting Yunnan's role as a financial hub for South Asia and Southeast Asia [11].

Core Points - China Bank issued a 10-year fixed-rate subordinated capital bond with a total size of 60 billion RMB on September 17, 2020 [1] - The bank announced the completion of the bond issuance on September 21, 2020 [1] - The bond includes an issuer call option, allowing the bank to redeem the bond on the last day of the fifth interest period [1] - As of the announcement date, the bank has exercised its redemption right and fully redeemed the bond [1]

Core Insights - The Chinese banking industry has achieved significant growth and stability during the "14th Five-Year Plan" period, with total assets exceeding 500 trillion yuan, solidifying its position as the world's largest credit market and the second-largest insurance market [3][4] Group 1: Financial Development Achievements - The financial services to the real economy have improved significantly, with annual growth rates for loans to technology-based SMEs, inclusive microfinance, and green loans exceeding 20% [3] - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy, with the insurance industry paying out 9 trillion yuan, a 61.7% increase compared to the "13th Five-Year Plan" period [3] - The A-share market has shown resilience, with the Shanghai Composite Index's annualized volatility decreasing by 2.8 percentage points to 15.9% [3] Group 2: Risk Management Enhancements - Key regulatory indicators such as non-performing loans, capital adequacy, and solvency have remained stable and within healthy ranges, with a 40% increase in the disposal of non-performing assets compared to the previous five-year period [4] - The total capital and provisions for risk resistance in the industry have exceeded 50 trillion yuan, with significant improvements in regulatory frameworks and digitalization [4][5] - The number of financing platforms has decreased by over 60%, and the scale of financial debt has dropped by more than 50% since the beginning of 2023 [4] Group 3: Support for High-Quality Economic Development - Financial support for infrastructure projects has been substantial, with over 3.6 billion yuan provided for the Baotou-Huinong high-speed rail project, exemplifying the financial sector's role in supporting the real economy [6] - The balance of infrastructure loans has reached 54.5 trillion yuan, a 62% increase from the end of the "13th Five-Year Plan" [6] - Direct financing through stock and bond markets has totaled 57.5 trillion yuan, with the proportion of direct financing rising to 31.6%, an increase of 2.8 percentage points from the end of the previous five-year period [6] Group 4: Foreign Exchange and Trade Facilitation - The State Administration of Foreign Exchange has advanced deep reforms and high-level openness in the foreign exchange sector, enhancing the efficiency of trade foreign exchange receipts and payments [7] - Since the beginning of the "14th Five-Year Plan," over 5.6 billion transactions have been processed to support cross-border e-commerce and other trade activities [7] - Overall, financial risks remain controllable, and the financial system is operating steadily, providing strong support for high-quality economic development [7]

Core Insights - China Bank successfully assisted the Shenzhen Municipal Government in issuing offshore RMB local government bonds in Hong Kong, marking the fifth consecutive year of leading this initiative, highlighting its role in cross-border financial innovation and the internationalization of the RMB [2][3] Summary by Categories Bond Issuance Details - The total amount of bonds issued was 4 billion RMB, with a 2-year bond of 1.5 billion RMB at a coupon rate of 1.61%, a 5-year bond of 1 billion RMB at 1.80%, and a 10-year bond of 1.5 billion RMB at 2.08% [2] - The issuance attracted significant market interest, with peak order book size reaching 18.67 billion RMB and a final subscription multiple of 4.7 times, indicating strong confidence from international investors in RMB assets and Shenzhen's development prospects [2] Sustainable Development Focus - This issuance introduced a new category of sustainable development bonds themed around the Greater Bay Area, with funds primarily allocated for clean transportation and water governance, reflecting the Shenzhen Municipal Government's forward-looking approach to financial innovation and social responsibility [2] Role of China Bank - Over the past five years, China Bank has been deeply involved in the issuance of offshore RMB local government bonds for the Shenzhen Municipal Government, serving as the global coordinator and green advisor, earning high recognition for its professional capabilities and service efficiency [3] - The bank aims to leverage its global advantages and comprehensive features to support high-level opening-up and high-quality collaborative development in the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to economic prosperity and social progress in both Shenzhen and Hong Kong [3]