In a low interest rate environment, listed banks have increasingly strong motivation to redeem outstanding "high-yielding" preferred stocks.

Recently, Changsha Bank announced that it will redeem 6 billion yuan of preferred shares "Changyin You 1" on December 25 and delist them. Since December, including Changsha Bank, Beijing Bank, Shanghai Bank, Hangzhou Bank, Nanjing Bank and other 5 banks have successively announced the redemption of their preferred shares, with a total size of 458 billion yuan. If we include Industrial and Commercial Bank of China, Bank of China, Industrial Bank and Ningbo Bank, the number of banks redeeming preferred shares since 2025 has increased to 9.