Bank of Suzhou gets green light for bond issuance

Bank of Suzhou announced that it has obtained approval from the People's Bank of China to issue financial bonds in the national interbank market and overseas markets. According to the approval document (Silver Permit [2025] No. 23), the bank's new financial bond balance for 2025 will not exceed 10 billion yuan, and the year-end financial bond balance will not exceed 41.8 billion yuan. The administrative permit is valid until December 31, 2025, during which time the bank can independently choose to issue the bonds in stages. The bank stated it will adhere to relevant regulations for financial bond issuance and will diligently carry out pre-issuance filing and information disclosure work.