Core Points - Hangzhou Bank has successfully issued the "Hangzhou Bank Co., Ltd. 2025 Perpetual Capital Bonds (Phase II)" in the national interbank bond market, with regulatory approval [1] - The bond issuance was completed on November 27, 2025, with a total scale of RMB 10 billion and an initial coupon rate of 2.32% for the first five years, which will be adjusted every five years [1] - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [1]