Zheng Quan Zhi Xing·2025-08-29 17:46Core Viewpoint - Qingdao Bank plans to issue A-share convertible bonds to raise up to RMB 4.8 billion, aimed at supporting future business development and enhancing core tier one capital after conversion [1][2][4] Group 1: Fundraising Amount and Purpose - The total amount to be raised from the convertible bonds is not more than RMB 4.8 billion, which will be used to support the bank's future business development and strengthen its capital base [1][2] - The funds will be allocated to enhance the bank's ability to serve the real economy and improve risk resistance [2][4] Group 2: Necessity of the Convertible Bond Issuance - The issuance will solidify the bank's capital foundation, enhance service quality to the real economy, and improve market competitiveness [2][3] - As of June 30, 2025, the bank's capital adequacy ratio is 13.52%, tier one capital ratio is 10.52%, and core tier one capital ratio is 9.05%, all meeting regulatory requirements but necessitating proactive capital planning [2][3] Group 3: Business Development and Strategic Goals - The bank's total assets have shown steady growth, reaching RMB 743.03 billion by June 2025, with a compound annual growth rate of 14.14% from 2022 to 2024 [3] - The bank is actively implementing its three-year strategic plan, focusing on technology finance, green finance, inclusive finance, and digital finance to support sustainable development [3][4] Group 4: Feasibility of Fund Utilization - The bank will focus on optimizing customer structure and enhancing financial service quality, particularly in green finance, elderly finance, and high-quality manufacturing [4][5] - The bank aims to leverage its subsidiaries and qualifications to explore diversified development models and strengthen comprehensive operational capabilities [5][6] - A robust risk management system will be maintained to ensure business stability and efficiency, utilizing advanced technologies for risk monitoring and compliance [6]