Group 1 - The core viewpoint of the article highlights the acceleration in the issuance of "perpetual bonds" by commercial banks in China, with a planned issuance exceeding 770 billion yuan this year [1] - Agricultural Bank of China announced its plan to issue 400 billion yuan of 2025 subordinated capital bonds, with an additional option for an over-allotment of up to 200 billion yuan [1] - As of June 10, the total issuance of "perpetual bonds" by commercial banks for the year reached 770.16 billion yuan, with 5.963 trillion yuan issued in the second quarter, accounting for 77.43% of the total issuance for the year [1]