Group 1 - The National Financial Supervision Administration has approved the establishment of Jilin Rural Commercial Bank Co., Ltd. [1] - The establishment team must complete the setup within six months from the approval date and will be supervised by the Jilin Financial Regulatory Bureau during this period [3] - After the establishment is completed, an application for opening must be submitted to the Jilin Financial Regulatory Bureau according to relevant regulations [3] Group 2 - On July 23, the Shenzhen Stock Exchange announced the completion of the issuance of the 2025 Jilin Provincial Government Special Bonds to support the development of small and medium-sized banks, marking significant progress in the reform of the Jilin rural credit system [3] - The issuance of 260 billion yuan in special bonds, along with 86 billion yuan already used by 17 rural commercial banks in Jilin, totals 346 billion yuan, which will be allocated to Jilin Financial Holding Group to enhance the capital adequacy and risk resistance of Jilin rural commercial banks [6]

Core Viewpoint - The issuance of special bonds for small and medium-sized banks has resumed in Jilin, marking the first such issuance in 2025, with a total of 33.42764 billion yuan, of which 26 billion yuan is allocated for supporting the development of small and medium-sized banks [1][3] Group 1: Special Bonds Issuance - The special bonds have a term of 10 years and a coupon rate of 1.76%, rated AAA [1] - The funds from the 26 billion yuan special bonds will be used to support the establishment of a provincial rural commercial bank in Jilin, aimed at enhancing capital adequacy and operational strength [1][2] Group 2: Financial Strategy and Goals - The newly formed Jilin Rural Commercial Bank will focus on serving farmers, small enterprises, and local residents, aligning with the theme of improving quality and efficiency [2] - The bank aims to optimize its asset structure and enhance credit resource allocation to support the development of advantageous local industries [2] Group 3: Capital Adequacy Concerns - As of the first quarter of 2025, the capital adequacy ratios for city commercial banks and rural commercial banks were 12.44% and 12.96%, respectively, lower than the average ratios of large commercial banks at 17.79% and joint-stock commercial banks at 13.71% [3] - There is a pressing need for local banks to replenish capital to meet regulatory requirements, especially as the issuance of special bonds for capital supplementation had been stagnant since April 2024 [4]