On November 17, Bank of Hangzhou Co., Ltd. (600926) released an investor relations activity record. Regarding its financing status and private placement plan, the bank stated that in June 2023, it announced a proposal to issue A-shares to specific investors (referred to as the "private placement plan"), aiming to raise up to 8 billion yuan. In June 2025, the bank's shareholders' meeting approved an extension of the plan's validity period until July 2026. Currently, the bank has not yet submitted the private placement application to the Shanghai Stock Exchange.
In July of this year, after the mandatory redemption and conversion of its 15 billion yuan convertible bonds, the bank's core Tier 1 capital adequacy improved. As of the end of September 2025, its core Tier 1 capital adequacy ratio stood at 9.64%, up 0.79 percentage points from the end of the previous year. This figure is slightly higher than the average for listed city commercial banks but remains below the average for listed banks overall.
Bank of Hangzhou emphasized that it will actively study capital market policies, taking into account its capital adequacy and business development needs. The bank plans to steadily advance refinancing at an appropriate time in compliance with regulatory requirements to better support business growth and enhance operational efficiency.
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