Group 1 - The issuance scale of subordinated bonds and perpetual bonds by commercial banks has significantly increased since the second quarter, indicating frequent "capital replenishment" actions by various types of banks, including state-owned banks, joint-stock banks, and city commercial banks [1] - As of June 26, the total issuance scale of subordinated and perpetual bonds by commercial banks has exceeded 800 billion yuan this year, with more than 600 billion yuan issued since the second quarter, representing a quarter-on-quarter increase of 260.82% [1]