Chongqing Rural Commercial Bank issues RMB1 bn sci-tech innovation bonds

Chongqing Rural Commercial Bank Co., Ltd. has successfully completed its RMB1 bn sci-tech innovation bond issuance. The bonds, approved by the People's Bank of China, were issued in the national inter-bank bond market. Bookkeeping for these bonds was filed on December 3, 2025, with the issuance finalized on December 5, 2025.

The bonds are 5-year fixed-rate instruments with a coupon rate of 1.88%. Proceeds from this issuance are specifically earmarked for the sci-tech innovation sector. This includes providing sci-tech loans and investments in bonds issued by sci-tech innovation enterprises, aligning with the Overall Statistical System for the "Five Major Areas" of Finance (Trial).

Mr. Sui Jun, executive director and president, signed the announcement on behalf of the board. The bank’s executive director is Mr. Sui Jun, with non-executive directors including Ms. Hu Chun, Mr. Yin Xianglin, and Mr. Peng Yulong. Independent non-executive directors are Mr. Zhang Qiaoyun, Mr. Lee Ming Hau, Mr. Li Jiaming, and Ms. Bi Qian.