China Zheshang Bank (02016) has completed the issuance of 30 billion yuan of non-fixed term capital bonds (Phase I) (Bond Connect) for 2026.

China Zheshang Bank (02016) announced that, with the approval of the National Financial Regulatory Administration and the People's Bank of China, China Zheshang Bank Co., Ltd. (the Bank) has recently issued "China Zheshang Bank Co., Ltd. 2026 Perpetual Capital Bonds (Phase I) (Bond Connect)" (hereinafter referred to as "the Bonds") in the national interbank bond market. The Bonds were recorded on August 5, 2026, and the issuance was completed on August 7, 2026. The issuance scale of the Bonds is RMB 30 billion, with a fixed interest rate of 1.95% for the first five years, which will be adjusted every five years. The issuer has a conditional redemption right on each interest payment date from the fifth year onward.