On May 14, China Minsheng Banking Corp., Ltd. announced that, with approval from the National Financial Regulatory Administration and the People's Bank of China, it has successfully issued "China Minsheng Banking Corp., Ltd. 2026 Perpetual Capital Bonds (First Tranche)" in the national interbank bond market. The registration and custody of the bonds were completed at the Shanghai Clearing House.

China Minsheng Banking Corp. stated that the bond issuance was recorded on May 11, 2026, and completed on May 13, 2026. The total issuance size is 30 billion yuan. The bonds feature a step-up coupon rate structure, with each interest rate adjustment period spanning five years. The initial coupon rate for the first five years is set at 2.12%. At each interest payment date starting from the fifth year, the issuer holds a conditional redemption right. The funds raised from this issuance will be used to replenish the bank's Additional Tier 1 capital, in accordance with applicable laws and regulatory approvals.