根据银行间债券市场相关自律规定，经自律处分会议审议，对天津滨海农商行予以警告，责令其针对本 次事件暴露出的债券交易等合规问题进行全面深入的整改。 北京商报讯（记者 宋亦桐）9月30日，中国银行间市场交易商协会发布的自律处分信息显示，经查，天 津滨海农村商业银行股份有限公司（以下简称"天津滨海农商行"）通过委托成立的单一资产管理计划参 与自身发行的二级资本债券交易，构成实际交易自身发行的债券，规避了相关监管要求，影响市场正常 交易秩序。 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 范子萌）9月30日，中国银行间市场交易商协会（下称"交易商协会"）在官 网发布了五则自律处分信息，涉及主体包括上海钉铃、天津滨海农商行、广汇汽车、桑德环境以及南通 三建。 其中，就天津滨海农商行的情况，公告明确，经查，天津滨海农村商业银行股份有限公司通过委托成立 的单一资产管理计划参与自身发行的二级资本债券交易，构成实际交易自身发行的债券，规避了相关监 管要求，影响市场正常交易秩序。 此外，关于上海钉铃，公告称，上海钉铃私募基金管理有限公司作为相关资产管理产品管理人，与某发 行人签署协议，协助发行人非市场化发行债务融资工具，并以基金申赎费用的形式收取大额财务资助。 根据银行间债券市场相关自律规定，经自律处分会议审议，对上海钉铃予以警告。 根据银行间债券市场相关自律规定，经自律处分会议审议，对天津滨海农商行予以警告，责令其针对本 次事件暴露出的债券交易等合规问题进行全面深入的整改。 ...

中国银行间市场交易商协会9月30日发布自律处分信息显示，经查，天津滨海农村商业银行股份有限公 司通过委托成立的单一资产管理计划参与自身发行的二级资本债券交易，构成实际交易自身发行的债 券，规避了相关监管要求，影响市场正常交易秩序。根据银行间债券市场相关自律规定，经自律处分会 议审议，对天津滨海农商行予以警告，责令其针对本次事件暴露出的债券交易等合规问题进行全面深入 的整改。 ...

近期，多家银行发布对二级资本债券、无固定期限资本债券（以下统称"二永债"）行使赎回权的公告。 接受《证券日报》记者采访的业内人士表示，近期银行密集赎回"二永债"，是利率环境变化、监管要求 升级与资本管理需求共同作用的结果。未来，"二永债"仍是银行重要的资本补充工具。 多重原因促银行赎回旧债 利率下行背景下，银行赎回高成本旧债并以更低利率发行新债，可有效降低利息支出，缓解净息差压力 从资本充足率和流动性来看，薛洪言表示，赎回操作短期内可能导致银行资本规模下降，若新债发行未 能同步跟进，资本充足率可能面临跌破监管红线的风险。但通过"赎旧发新"的动态置换，新债可全额计 入对应资本层级，反而能提升资本补充效率。流动性方面，赎回需支付大额现金，可能带来短期压力， 但新发债券的资金流入可对冲这一影响，长期来看可改善现金流稳定性。 银行业资本补充仍迫切 通常情况下，商业银行会选择提前赎回并发行新债来补充资本。不过，也有银行会较罕见地选择不赎 回，例如，4月18日，南昌农商行在中国债券信息网发布信息显示，该行不行使2020年第一期二级资本 债券赎回选择权。 在明明看来，不赎回理论上并不构成违约，因为募集说明书已赋予发行人"不 ...

Group 1 - The company, Weihai Bank, announced the full redemption of its secondary capital bonds issued on September 10, 2020, amounting to RMB 3 billion [1] - The bonds included a redemption option for the issuer, allowing the bank to redeem the bonds at face value on the last day of the fifth interest period, which is September 14, 2025 [1] - As of the announcement date, the bank has exercised its redemption right and fully redeemed the bonds [1]

Core Viewpoint - Weihai Bank (09677) has exercised its right to fully redeem its RMB 3 billion subordinated bonds issued on September 10, 2020, in the national interbank bond market [1] Group 1 - The bank issued subordinated bonds with a total size of RMB 3 billion [1] - The bonds included a redemption option for the issuer, allowing the bank to redeem the bonds at face value on the last day of the fifth interest period, which is September 14, 2025 [1] - As of the announcement date, the bank has exercised its redemption right and fully redeemed the bonds [1]

Core Points - Weihai Bank (09677) issued a secondary capital bond of RMB 3 billion in the national interbank bond market on September 10, 2020 [1] - The bond issuance includes a redemption right for the issuer, allowing the bank to redeem the bond at face value on the last day of the fifth interest period, which is September 14, 2025 [1] - As of the announcement date, the bank exercised its redemption right and fully redeemed the bond [1]

Group 1 - The company issued a total of 65 billion RMB in subordinated debt bonds in the interbank bond market in September 2020 [1] - The bonds have an issuer redemption option, allowing the company to redeem the bonds at face value on the last day of the fifth interest period, which is September 14, 2025 [1] - The company has received a no-objection letter from the National Financial Supervision Administration regarding the redemption of the bonds [1] Group 2 - As of the announcement date, the company has exercised its redemption right and fully redeemed the bonds [1]

Group 1 - The company issued a total of RMB 65 billion in subordinated capital bonds in September 2020 in the national interbank bond market [1] - The bonds have an issuer redemption option, allowing the company to redeem the bonds at face value on the last day of the fifth interest period, which is September 14, 2025 [1] - The company has received a no-objection letter from the National Financial Regulatory Administration regarding the redemption of the bonds [1] Group 2 - As of the announcement date, the company has exercised its redemption right and fully redeemed the bonds [2]

Core Viewpoint - China Construction Bank issued a secondary capital bond of RMB 65 billion in the national interbank bond market, with the option for the issuer to redeem the bond at face value on September 14, 2025 [1] Group 1 - The bond issuance was completed in September 2020, with a total size of RMB 65 billion [1] - The bond includes an issuer redemption option, allowing the bank to redeem the bond at the end of the fifth interest period [1] - The bank has received a no-objection letter from the National Financial Regulatory Administration regarding the redemption of the bond [1] Group 2 - As of the announcement date, the bank has exercised its redemption right and fully redeemed the bond [1]