Bank of Qingdao Co., Ltd. (BQD) has obtained two key regulatory approvals that clear the way for the issuance of capital replenishment bonds of up to RMB6.00 billion.

The People’s Bank of China issued an “Affirmative Decision of Administrative License” (PBOC Decision [2026] No. 54), authorising BQD to place capital replenishment bonds in both the domestic interbank market and overseas markets. The licence remains valid until 30 June 2027, allowing the bank to launch multiple tranches at its discretion within the period.

Complementing the PBOC approval, the Qingdao Bureau of the National Financial Regulatory Administration granted consent (Qing Jin Fu [2026] No. 36) for BQD’s capital instruments issuance, capping the aggregate amount at RMB6.00 billion. The bank has 24 months from the date of this approval to finalise the offering schedule, structure and size of each tranche.

The forthcoming bond issuance was initially authorised by shareholders at BQD’s first extraordinary general meeting of 2025, held on 26 September 2025. In executing the offering, BQD stated it will comply with the Administrative Measures for the Capital of Commercial Banks and all applicable disclosure requirements.

The proceeds are expected to bolster the bank’s capital base, enhancing its regulatory capital adequacy ahead of the licence’s expiry in mid-2027.