Bank of Changsha has received approval to issue ordinary financial bonds in the national interbank market and overseas markets, with a quota of up to 9 billion yuan. The bank recently obtained an administrative licensing decision from the People's Bank of China, with the license valid until June 30, 2027. By the end of the validity period, the new balance of ordinary financial bonds shall not exceed 9 billion yuan, and the total balance of ordinary financial bonds shall not exceed 55 billion yuan. The bank may independently choose the timing of issuance in tranches within the validity period.
Bank of Changsha Co LtdApproval to issue up to 9 billion yuan in financial bonds provides capital-raising capacity.