On December 12, the Beijing Financial Regulatory Bureau approved Citic Prudential Life Insurance Company Limited to issue perpetual capital bonds in the national interbank bond market, with a maximum issuance size of RMB 9 billion.
The regulator emphasized that Citic Prudential Life must strictly comply with relevant regulations, including the "Notice on Matters Related to Insurance Companies Issuing Perpetual Capital Bonds" (Yin Fa [2022] No. 175) jointly issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission, as well as the "Announcement No. 3 of 2015 (Regarding Insurance Companies Issuing Capital Supplement Bonds)" by the People's Bank of China and the former China Insurance Regulatory Commission.
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