Since the beginning of this year, Bohai Bank has closely focused on the main theme of financial services supporting the real economy, regarding bond underwriting as an important platform for implementing the "Five Major Tasks" of finance and a key engine for promoting regional economic development. As of December 5, 2025, the bank's cumulative underwriting of interbank debt financing instruments exceeded 200 billion yuan for the first time this year, setting a new record, with a year-on-year growth of 32%. Both its annual growth rate and scale increase ranked first among national joint-stock commercial banks. Simultaneously, its market share rose to 2.14%, and its ranking among joint-stock commercial banks jumped to 7th, achieving a historic breakthrough and demonstrating strong development momentum.
The "three-stage leap" in bond underwriting continues to inject new momentum into the real economy.
Bond financing, as a widely used and efficient direct financing method, bypasses the traditional "deposit and loan" process of credit, directly connecting fund demanders with multi-tiered capital markets and significantly reducing corporate financing costs. Bohai Bank leverages this approach to continuously and precisely inject financial resources into the real economy. Since the beginning of this year, the bank has assisted approximately 300 companies in obtaining bond financing, covering key areas such as manufacturing, technological innovation, green and low-carbon development, the private sector, and small and micro enterprises. While promoting industrial upgrading, the bank has also achieved high-quality development of its own business.
According to Wind data, Bohai Bank's bond underwriting scale has continued to leap forward over the past three years: approximately RMB 80 billion in the same period of 2023, exceeding RMB 100 billion in 2024, and this year it has made great strides past the RMB 200 billion mark, completing a "three-level leap" from "tens of billions" to "hundreds of billions" and then to "two hundred billion". From "following" to "leading", the bank's bond underwriting business has demonstrated a vigorous and enterprising spirit.
Reaching the new milestone of "200 billion yuan" has significance far beyond the number itself. It signifies that massive amounts of funds are being precisely allocated to key aspects of economic and social development—from cutting-edge scientific and technological laboratories to bustling factory workshops, from efficient green power plants to extensive transportation networks, and to the front lines of rural construction. Financial resources are continuously being transformed into a powerful driving force for high-quality economic development.
Focusing on the "Five Major Tasks" of Finance, Innovative Product Matrix Matches Financing Needs
Bohai Bank has deeply integrated the "five major aspects" of finance into its bond underwriting practice, implementing precise policies for different areas and forming a series of benchmark cases with market influence.
In the field of science and technology finance, Bohai Bank has firmly grasped the opportunities of science and technology innovation bond products. This year, it has underwritten and issued more than 70 science and technology innovation bonds and science and technology innovation notes, with an underwriting scale of nearly 20 billion yuan. These include a variety of innovative projects such as the first batch of science and technology innovation bonds, the first batch of science and technology innovation bonds issued by private equity investment institutions, and the first batch of science and technology innovation bonds enhanced by the central bank's credit sharing tool.
Focusing on green finance, the bank has continued to exert its efforts in products such as green, carbon neutral, and sustainability-linked bonds. By underwriting products with "dual labeling" characteristics, such as Haier Smart Home's green "two new" bonds, AVIC Innovation's green science and technology innovation bonds, and Tianan Coal Industry's sustainability-linked science and technology innovation bonds, it has effectively helped enterprises achieve green transformation and energy conservation and emission reduction.
In terms of inclusive finance, Bohai Bank actively utilizes products such as asset-backed notes and credit risk mitigation tools to broaden financing channels for private and micro-enterprises. It has successively launched the nation's first collective technology innovation asset-backed note and several science and technology innovation bonds for private enterprises such as Zhejiang Hengyi and Hailiang.
Breakthroughs have also been made in elderly care finance. The bank successfully issued the first batch of elderly care-themed bonds in the country, with the funds raised specifically used to support the construction of health and wellness projects and the procurement of elderly care medical equipment and medicines, injecting financial vitality into the development of the elderly care industry.
In the field of digital finance, Bohai Bank not only actively meets the bond financing needs of key digital information companies such as Inspur Information and Shanghai Data Harbor, but also continues to strengthen the research and development of its own bond underwriting business system to enhance service quality and efficiency through technology.
It is understood that Bohai Bank has placed the "five major aspects" of finance at the core of its business development, established a full-process service mechanism from project matching to implementation management, and formed a sustainable development business pattern of "issuing a batch, reserving a batch, and cultivating a batch".
Deepening its presence in Tianjin's fertile land, the region's development has once again gained a "Bohai Sea footnote."
As the only national joint-stock commercial bank headquartered in Tianjin, Bohai Bank has always prioritized serving Tianjin's high-quality development. Closely aligned with Tianjin's "manufacturing-driven city" strategy, the bank has precisely targeted its bond business with the "1+3+4" modern industrial system. This year, it has supported key industries in Tianjin, such as intelligent technology, green petrochemicals, biomedicine, and new energy, through nearly 100 bond issuances. It has successfully launched a number of benchmark projects, including the first batch of national science and technology innovation bonds for Tianjin Pharmaceutical and Bohai Chemical, green special rural revitalization bonds for Tianjin Food Group, and carbon neutrality bonds for Jinkai New Energy. Bohai Bank has truly transformed its professional advantages as a "bond bank" into a competitive edge for regional high-quality development, injecting sustainable financial momentum into the region's economic development.
Leveraging the advantages of Tianjin's financial leasing industry cluster, Bohai Bank actively supports the construction of the National Leasing Innovation Demonstration Zone, creating a seamless "finance-leasing-manufacturing" supply chain through bond underwriting. This year, the bank has underwritten over 60 bonds for various leasing companies, with an underwriting scale exceeding 25 billion yuan, continuously guiding financial resources towards the leasing industry and further nourishing the real economy, including manufacturing, thus stabilizing the foundation for high-quality economic development with low-cost bond funding.
Following the conclusion of the 2025 SCO Tianjin Summit, Bohai Bank quickly leveraged its leading position among joint-stock banks in Panda bond underwriting, successfully acting as the lead underwriter for the issuance of RMB 2 billion in Panda bonds for foreign government institutions in the Emirate of Sharjah, United Arab Emirates. This bond issuance marked the debut of an SCO partner in the Chinese bond market after the summit, and also represented a breakthrough for Tianjin financial institutions in underwriting sovereign Panda bonds, signifying a solid step forward for Tianjin in promoting financial opening and ensuring the summit's outcomes take root and flourish.
Standing at the historical juncture of the successful conclusion of the 14th Five-Year Plan and the imminent commencement of the 15th Five-Year Plan, Bohai Bank, which has been established for 20 years, takes the achievement of exceeding 200 billion yuan in bond underwriting scale as the starting point of a new journey. It will continue to anchor itself on the fundamental direction of financial services to the real economy, and use bond underwriting as a pen to carefully draw up "five major articles" to guide financial resources to continuously irrigate the vast fields of technological innovation, green transformation, inclusive finance for micro and small enterprises, elderly care and people's livelihood, and the digital economy, contributing solid Bohai strength to accelerating the construction of a financial powerhouse and promoting Chinese-style modernization.
