On December 9, Bank of Beijing (601169.SH) announced an interbank credit approval of RMB 40 billion for China Zheshang Bank (CZBANK, 601916.SH), constituting an associated transaction approved by its board.

The credit plan, initially cleared by Bank of Beijing’s credit approval committee on July 18, 2025, covers a two-year term effective from the approval date. As the amount exceeds 1% of the bank’s latest audited net capital, the deal qualifies as a major connected transaction under regulatory and internal governance rules. It secured unanimous board approval on December 9 without requiring shareholder or external regulatory consent.

Bank of Beijing emphasized the transaction adheres to market-based pricing, aligns with PBOC rate policies, and poses no material operational or financial impact. The bank previously extended RMB 26 billion in interbank credit to CZBANK over the preceding 12 months.