Xin Lang Cai Jing·2025-12-10 10:28Core Viewpoint - China Construction Bank successfully priced and issued its third tranche of tier-2 bonds for 2025, amounting to 40 billion yuan with a coupon rate of 2.24%. This issuance is expected to enhance the bank's capital adequacy ratio by approximately 0.2 percentage points, thereby strengthening its capital position and improving its service to the real economy [1][2]. Group 1 - The issuance of tier-2 bonds is part of China Construction Bank's proactive and prudent approach to capital management, leveraging its multi-licensing advantages to cover a wide range of market-oriented investors [1]. - The bank aims to enhance its capital resilience through meticulous and centralized management of capital, ensuring orderly external capital replenishment [2]. - This strategy is designed to better support national strategic initiatives, promote high-quality economic development, and mitigate financial risks [2].