北京商报讯（记者 孟凡霞 周义力）12月15日，浦发银行发布公告，经相关监管机构批准，该行在全国 银行间债券市场发行"上海浦东发展银行股份有限公司2025年第二期金融债券"（以下简称"本期债 券"），并在中央国债登记结算有限责任公司完成债券的登记、托管。本期债券于2025年12月10日簿记 建档，12月12日发行完毕，发行总规模为人民币200亿元，期限为3年期。按利率类型分为两个品种，品 种一为固定利率债券，发行规模125亿元，票面利率1.85%；品种二为浮动利率债券，发行规模75亿 元，票面利率挂钩1年期LPR下浮112BPs，首期票面利率1.88%。 本期债券募集资金将依据适用法律和主管部门的批准，用于满足该行资产负债配置需要，充实资金来 源，优化负债期限结构，促进业务的稳健发展。本期债券募集资金将优先用于对批发零售、住宿餐饮、 文化旅游、教育培训、健康养老等消费服务行业的信贷投放等，助力提振消费。 ...

12月10日金融一线消息，青农商行发布公告，经中国人民银行批准，该行近日在全国银行间债券市场发 行"青岛农村商业银行股份有限公司2025年金融债券"（以下简称"本期债券"）。 本期债券簿记建档日为2025年12月8日，缴款日为2025年12月10日，发行规模为人民币5亿元，品种为3 年期固定利率债券，票面利率1.85%。 本期债券募集资金将依据适用法律和主管部门的批准，专项用于投放养老产业贷款。 责任编辑：秦艺 12月10日金融一线消息，青农商行发布公告，经中国人民银行批准，该行近日在全国银行间债券市场发 行"青岛农村商业银行股份有限公司2025年金融债券"（以下简称"本期债券"）。 本期债券簿记建档日为2025年12月8日，缴款日为2025年12月10日，发行规模为人民币5亿元，品种为3 年期固定利率债券，票面利率1.85%。 本期债券募集资金将依据适用法律和主管部门的批准，专项用于投放养老产业贷款。 责任编辑：秦艺 ...

格隆汇12月5日丨民生银行(600016.SH)公布，经中国人民银行批准，中国民生银行股份有限公司（以下 简称"本行"）在全国银行间债券市场成功发行了"中国民生银行股份有限公司2025年金融债券（第二 期）"，并在银行间市场清算所股份有限公司完成债券的登记、托管。 本期债券于2025年12月2日簿记建档，并于2025年12月4日完成发行。发行规模为人民币60亿元，3年期 浮动利率，自发行缴款截止日起每3个月为一个票面利率调整期，在一个票面利率调整期内以约定的相 同票面利率支付利息。 本期债券票面利率包括基准利率和固定利差两个部分。首个计息周期所采用的基准利率为2025年11月20 日公布的1年期贷款市场报价利率（以下简称LPR），此后每次付息的利率基准为前次付息日前新公布 的1年期LPR。本期债券首个计息周期票面利率为1.88%。 本期债券的募集资金将依据适用法律和监管部门的批准，用于满足本行资产负债配置需要，充实资金来 源，优化负债期限结构，促进业务的稳健发展。 ...

Core Viewpoint - Chengdu Bank's board of directors held a temporary meeting to discuss and approve several key financial proposals, including investment and financing management for 2026, issuance of capital instruments, and bonds to support various financial needs [2][3][4][5][7]. Group 1: Meeting Overview - The meeting was held on November 11, 2025, with 11 directors present, including 3 in person and 7 via video [2]. - The meeting complied with relevant laws and regulations, ensuring the legality and validity of the resolutions made [2]. Group 2: Approved Proposals - The board approved the proposal for implementing investment management related to state-owned enterprises in Chengdu for 2026, with unanimous support [3]. - The board also approved the financing management proposal for state-owned enterprises in Chengdu for 2026, again with unanimous support [4]. - A proposal was approved to issue up to 7 billion yuan in secondary capital bonds, with a 10-year term and an option for early redemption after 5 years, aimed at enhancing the bank's capital adequacy [5]. - The board approved a proposal to issue up to 10 billion yuan in special and ordinary financial bonds, including specific allocations for technology innovation and green finance, with a maximum term of 5 years [7]. - A proposal for related party transactions with Chengdu Inclusive Financing Guarantee Co., Ltd. was approved, with one director abstaining from the vote [8].

Core Points - China Agricultural Development Bank announced the issuance of its financial bonds for 2025, detailing three specific bond issues [1] Group 1: Bond Issuance Details - The 31st bond issue, named "China Agricultural Development Bank 2025 31st Financial Bond (Fourth Reissue)", has a total issuance amount of 16 billion yuan, with a maturity of 392 days and a coupon rate of 1.39% [4][5] - The 9th bond issue, named "China Agricultural Development Bank 2025 9th Financial Bond (19th Reissue)", has a total issuance amount of 2.5 billion yuan, with a maturity of 3 years and a coupon rate set at 1-year LPR minus 1.39% [5] - The 20th bond issue, named "China Agricultural Development Bank 2025 20th Financial Bond (17th Reissue)", has a total issuance amount of 17 billion yuan, with a maturity of 10 years and a coupon rate of 1.78% [6][8]

Core Viewpoint - Shanghai Bank has successfully completed the issuance of its second financial bond for 2025, raising a total of RMB 20 billion with a fixed interest rate of 1.89% over a three-year term [1][1][1] Group 1: Bond Issuance Details - The bond issuance was approved by the People's Bank of China and took place in the interbank bond market [1] - The bond was recorded and custodied by the China Central Depository & Clearing Co., Ltd [1] - The bond was opened for subscription on September 16, 2025, and was fully issued by September 18, 2025 [1] Group 2: Purpose of Fundraising - The funds raised from this bond issuance will be used to meet the issuer's asset-liability management needs, enhance funding sources, optimize the liability maturity structure, and promote stable business development [1][1][1]

Group 1 - Yongfeng Bank (China) Co., Ltd. plans to issue its first phase of financial bonds in 2025 [1] - The initial issuance scale of the bonds is set at RMB 300 million, with a maturity of 3 years and a fixed interest rate [1] - The book-building date for the bonds is scheduled for August 27, 2025 [1] Group 2 - The lead underwriters for this bond issuance are Industrial Securities Co., Ltd., Industrial Bank Co., Ltd., and Fubon Bank (China) Co., Ltd. [1] - The issuer's credit rating and the bond's credit rating have both been assessed as AA+ by China Chengxin International Credit Rating Co., Ltd. [1]

Core Viewpoint - Ant Consumer Finance has successfully issued its first financial bond, marking a significant milestone since its establishment over four years ago [2] Company Summary - Ant Consumer Finance completed its first public bond issuance in China, with a total scale of 2 billion yuan and a maturity of 3 years at a coupon rate of 1.90% [2] - The company was approved by the central bank to issue up to 15 billion yuan in financial bonds, valid from July 4, 2025, to July 3, 2027 [2] - The company has met the requirements for bond issuance, including continuous profitability over the last three years and a capital adequacy ratio above 10% [2][4] - Financial performance from 2022 to 2024 shows revenue growth from 4.149 billion yuan to 15.213 billion yuan, with net profit fluctuating from 0.841 billion yuan to 3.051 billion yuan [3] Financial Metrics - Total assets are projected to grow from 106.233 billion yuan in 2022 to 313.751 billion yuan by 2024 [3] - The net loan and advance amount is expected to increase from 87.233 billion yuan in 2022 to 301.467 billion yuan in 2024 [3] - The capital adequacy ratio is forecasted to be 11.12% in 2022, 13.60% in 2023, and 11.25% in 2024, all above the regulatory requirement [3][4] - The non-performing loan ratio is anticipated to rise slightly from 1.69% in 2022 to 1.78% in 2024 [3][4] Industry Context - The issuance of financial bonds has become a crucial funding channel for consumer finance companies, as they are unable to accept deposits [5] - Since 2025, seven consumer finance companies have issued financial bonds totaling over 14 billion yuan, with Ant Consumer Finance's recent issuance contributing to a total exceeding 16 billion yuan for the year [5] - Ant Consumer Finance is a joint venture involving Ant Group and several other companies, with a registered capital increase from 8 billion yuan to 23 billion yuan in recent years [5][6] - The company is the largest in terms of credit business balance among 31 consumer finance companies, with a balance of 310.848 billion yuan as of the end of 2024, reflecting a growth of 36.92% year-on-year [6]