CQRC BANK (03618) Completes Issuance of RMB1 Billion Sci-Tech Innovation Bonds

Stock News
Dec 05

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.

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