
Core Viewpoint - Industrial Bank has completed the redemption and delisting of its three phases of preferred shares, totaling 57.171 billion yuan, marking a significant step in its capital management plan [1][3]. Group 1: Redemption of Preferred Shares - The three phases of preferred shares, issued on December 3, 2014, June 17, 2015, and April 3, 2019, raised a total of 56 billion yuan, with individual phases raising 13 billion yuan each for the first two and 30 billion yuan for the third [3]. - The bank has paid the full face value and dividends to preferred shareholders, amounting to 57.171 billion yuan, as of July 1, 2025 [3]. - The redemption was executed following the issuance terms and received no objections from the National Financial Regulatory Administration [3]. Group 2: Industry Trends in Preferred Share Redemption - Financial institutions have been actively redeeming preferred shares in recent years, with examples including Minmetals Capital redeeming 5 million shares worth 5 billion yuan [5]. - China Bank also redeemed all of its overseas preferred shares, which were issued in March 2020 [5]. - The trend of redeeming preferred shares is driven by a low-interest-rate environment, allowing banks to optimize their capital structure and reduce interest expenses, thereby enhancing returns for common shareholders [5].