China Post Life Insurance Approved to Issue Capital Bonds of No More Than 1.2 Billion Yuan with No Fixed Maturity

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Recently, the Beijing Regulatory Bureau of the China Banking and Insurance Regulatory Commission approved China Post Life Insurance to publicly issue perpetual capital bonds in the interbank bond market nationwide, with an issuance scale of no more than 1.2 billion RMB (including 1.2 billion).

The approval states that China Post Life Insurance should strictly comply with the relevant regulations, such as the “Notice of the People’s Bank of China and the China Banking and Insurance Regulatory Commission on Matters Concerning the Issuance of Perpetual Capital Bonds by Insurance Companies” (Yinfa [2022] No. 175) and the “Announcement of the People’s Bank of China and the China Insurance Regulatory Commission 2015 No. 3 (Matters Concerning the Issuance of Capital Supplement Bonds by Insurance Companies).”

China Post Life Insurance must complete the issuance within the period authorized by the bond market regulatory authority and report the relevant issuance details to the bureau within 10 working days after the issuance is completed.

(China Banking and Insurance Regulatory Commission)

(Edited by: Qian Xiaorui)

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