Bank of Changsha issues CNY 4bn innovation bonds

The Bank of Changsha has successfully issued CNY 4 billion in science and technology innovation bonds on the national interbank bond market. Approved by the People's Bank of China, the bonds were book-built on July 1, 2025, and completed issuance and payment on July 3, 2025. These five-year fixed-rate bonds carry a coupon rate of 1.78%. The proceeds will be allocated towards science and technology innovation, in accordance with the "Five Big Articles" financial guidelines. The funds will support technology loans and investments in bonds issued by innovative tech companies, specifically targeting businesses in innovation-driven sectors.