中国银行、农业银行，同日发布最新公告！

Core Points - Agricultural Bank of China has fully redeemed its perpetual bond issued on August 20, 2020, with a scale of 35 billion yuan in the interbank bond market [2] - The issuance of perpetual bonds and subordinated capital bonds is a strategy for commercial banks to enhance capital sources and improve operational stability amid profit pressure [4] - Major state-owned banks have significantly strengthened their capital positions this year, with a total of 520 billion yuan in core tier one capital supplemented through special government bonds and direct injections [5] Industry Trends - There has been a noticeable increase in the issuance of "perpetual bonds" and subordinated capital bonds among banks, with at least 12 banks issuing these instruments since July [5] - The overall issuance scale of "perpetual bonds" is expected to maintain steady growth in the second half of the year due to various factors [5] - As of March 31, 2025, the core tier one capital adequacy ratio for China Bank is 11.82%, while Agricultural Bank's ratios are 17.79% for total capital adequacy, 13.36% for tier one capital, and 11.23% for core tier one capital [5]