12月1日，兴业银行发布公告称，经中国人民银行批准，该行于2025年12月1日在全国银行间债券市场成 功发行了2025年第三期绿色金融债券，总额为人民币50亿元。本次债券为3年期浮动利率债券，按季度 计息，票面利率为同期LPR-119BPs，首期票面利率为1.81%。募集资金专项用于绿色产业项目贷款。 兴业银行同日披露，经中国人民银行批准，该行于2025年12月1日在全国银行间债券市场成功发行了 2025年第一期金融债券，总额为人民币200亿元。本次债券期限为3年，票面利率为1.84%，募集资金将 依据适用法律和主管部门的批准，用于满足资产负债配置需要，充实资金来源，优化负债期限结构，促 进业务稳健发展。 公告编号:临 2025-062 A 股代码: 601166 可转债代码:113052 A 股简称:兴业银行 可转惯简称:兴业转债 兴业银行股份有限公司 关于 2025 年第一期金融债券发行情况的公告 本公司董事会及全体董事保证本公告内容不存在任何庭假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 经中国人民银行批准,兴业银行股份有限公司(以下简称本公司)于2025 年12月 ...

Group 1 - The company successfully issued its first financial bond of 2025 on December 1, totaling RMB 20 billion with a term of 3 years and a coupon rate of 1.84% [1] - The funds raised will be used to meet asset-liability management needs, enhance funding sources, optimize liability maturity structure, and promote stable business development [1] Group 2 - The company also issued its third green financial bond of 2025 on December 1, amounting to RMB 5 billion, structured as a 3-year floating rate bond with an initial coupon rate of 1.81% [3] - The proceeds from this bond will be specifically allocated for loans to green industry projects [3]

Core Viewpoint - Dongguan Rural Commercial Bank Co., Ltd. received an "AAA" rating for its first financial bond in 2025 from China Chengxin International, reflecting its strong market position and credit advantages, while also highlighting challenges related to economic fluctuations and asset quality [1][2]. Group 1: Credit Rating and Market Position - China Chengxin International affirmed the bank's high market share and significant role in the local financial system [1]. - The bank's deposit stability and adequate capital were recognized as credit strengths [1]. - The support from the Dongguan municipal government was also considered in the rating [1]. Group 2: Challenges and Outlook - The bank faces challenges such as vulnerability to regional economic fluctuations and changes in trade environment [1]. - There is a need for improvement in profitability and loan quality, which are under pressure [1]. - The credit level of Dongguan Rural Commercial Bank is expected to remain stable over the next 12 to 18 months [2].

Core Viewpoint - Tianjin Bank has been pursuing its A-share IPO for ten years, facing challenges such as slowing profit growth and unclear listing prospects, while also undergoing a leadership change in March 2025 that is expected to bring new strategies to the table [2][11]. Group 1: IPO Progress - The A-share IPO guidance for Tianjin Bank began on August 18, 2015, and has faced delays primarily due to the lack of necessary external approvals [3]. - The latest report from the guidance institutions indicates that the bank has not yet applied for or obtained some external approvals required for the IPO [3][6]. Group 2: Capital Structure and Financial Health - Tianjin Bank successfully issued 7 billion yuan in financial bonds in June 2025 to optimize its liability structure and support business development [7]. - The bank plans to issue up to 20 billion yuan in perpetual bonds and 20 billion yuan in subordinated bonds from 2024 to 2026 to enhance its capital structure and risk resilience [7]. - As of the end of Q1 2025, Tianjin Bank's total assets reached 945.78 billion yuan, a 2.14% increase from the beginning of the year, with customer loans growing by 4.19% to 459.23 billion yuan [8][9]. Group 3: Profitability and Performance - In 2024, Tianjin Bank's operating income was 16.71 billion yuan, a 1.5% increase year-on-year, while net profit grew by 1.1% to 3.80 billion yuan, indicating a slowdown in growth compared to 2023 [8]. - In Q1 2025, the bank reported a recovery in performance with operating income of 4.22 billion yuan, up 2.43% year-on-year, and net profit of 1.1 billion yuan, an increase of 3.77% [9]. Group 4: Business Diversification and Governance - In 2024, Tianjin Bank made significant strides in consumer finance by acquiring a consumer finance license and participating in the restructuring of a consumer finance company [10]. - The bank has also made governance improvements, including a new leadership team with an average age of 52, which is considered relatively young for the industry [10].