According to the Zhitong Finance App, the Chongqing Agricultural Commercial Bank (601077.SH) issued an announcement. The bank recently received the People's Bank of China's “Administrative License Approval Decision” (2024) No. 53). The bank was approved to issue financial bonds in the national interbank market. The balance of financial bonds at the end of 2024 did not exceed 28 billion yuan. Among them, the surviving balance of capital bonds such as Tier 2 capital bonds and unfixed term capital bonds does not exceed 50% of the net amount of core Tier 1 capital. The administrative license is valid until December 31, 2024. The bank can independently choose the installment period during the validity period.
The bank will strictly abide by regulations such as the “Administrative Measures on the Issuance of Financial Bonds in the National Interbank Bond Market” and “Operational Rules for the Administration of Financial Bond Issuance in the National Interbank Bond Market”, etc., and do a good job of managing the issuance of financial bonds and disclosing information as described above.