CQRC BANK (03618) announced the successful issuance of RMB1 billion in sci-tech innovation bonds on the national interbank bond market, approved by the People's Bank of China. The bonds, with a 5-year fixed interest rate of 1.88%, were priced on December 3, 2025, and issued on December 5, 2025.
Proceeds will be allocated to sectors outlined in China’s "Five Key Financial Initiatives" statistical framework, including extending tech-focused loans and investing in bonds issued by innovation-driven enterprises, specifically supporting sci-tech innovation projects.