Guiyang Bank to issue 2bn yuan innovation bonds

Guiyang Bank plans to issue technology innovation financial bonds totaling no more than 2 billion yuan to support technology innovation enterprises, with a maturity of up to five years.

The bank is also undertaking significant amendments to its governance framework, including adjustments to board and audit committee functions and discontinuation of the supervisory board.

The bank reported net profits of 6.246 billion yuan, 5.634 billion yuan, and 5.314 billion yuan for 2022, 2023, and 2024, respectively.