Zhejiang Shaoxing RuiFeng Rural Commercial Bank (601528.SH) has been approved to issue financial bonds.

Zhejiang Shaoxing RuiFeng Rural Commercial Bank (601528.SH) announced that they have recently received the "Decision on Administrative Licensing Granted by the People's Bank of China" (Yinxu granted Decision No. [2025] No. 24). The bank has been authorized to issue financial bonds in the national interbank market and overseas markets, with the added balance of financial bonds in 2025 not exceeding 500 million yuan, and the year-end balance of financial bonds not exceeding 3.5 billion yuan. Among them, the outstanding balance of capital bonds such as Tier 2 capital bonds and perpetual capital bonds must not exceed 50% of the net core Tier 1 capital. Overseas bond issuance must comply with the People's Bank of China's requirements on macro-prudential management of cross-border financing. The administrative license is valid until December 31, 2025. within the validity period, the bank can choose the issuance timing in stages.