Bank of Qingdao raises RMB1 bn in sci-tech innovation bond issuance

Bank of Qingdao Co., Ltd. has announced the successful completion of its 2025 Sci-tech Innovation Bonds issuance, raising RMB1 billion. Approved by the People's Bank of China, these five-year fixed rate bonds carry a coupon rate of 1.87% and were issued in the national inter-bank bond market in China. Bookkeeping for the bonds was filed on September 19, 2025, with the issuance finalized on September 23, 2025.

The proceeds from this bond issuance are earmarked to specifically support sci-tech innovation businesses. These funds will be deployed through various financial instruments, including loans and bonds, in accordance with applicable laws and approvals from competent authorities. This strategic move aims to facilitate growth and development within the sci-tech sector.

The board of directors, as of the announcement date of September 24, 2025, includes executive directors Jing Zailun (also chairman), Wu Xianming, Chen Shuang, and Liu Peng. Non-executive directors comprise Zhou Yunjie, Rosario Strano, Tan Lixia, Giamberto Giraldo, and Deng Youcheng, alongside independent non-executive directors Xing Lecheng, Zhang Xu, Cheung Man Chor, Elton, Du Ning, and Fan Xuejun.